IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $155.00 short put and a strike $150.00 long put offers a potential 14.16% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $0.62 would be kept by the premium seller. The risk of $4.38 would be incurred if the stock dropped below the $150.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for IBM is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for IBM is bullish.
The RSI indicator is at 67.86 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for IBM
Why IBM Shares Jumped 9% in a Day
Tue, 24 Oct 2017 17:45:00 +0000
Big Blue just reported its 22nd straight quarter of falling revenue, which isn’t a result you’d expect to generate a bounce.
Charting a persistent bull trend, S&P 500 nails first support
Tue, 24 Oct 2017 16:48:29 +0000
The major U.S. benchmarks are trending persistently higher with the best six months seasonally — November through April — just one week away, writes Michael Ashbaugh.
International Business Machines Corp. Stock’s Transition Is Almost Complete
Tue, 24 Oct 2017 15:47:44 +0000
If you’re thinking about buying International Business Machines Corp. (NYSE:IBM) following a surprisingly encouraging third quarter beat, you’re not alone. Analysts were collectively calling for a bottom line of $3.28 per share of IBM stock, and the company reported earnings of $3.30. Perhaps most important, the company’s cloud revenue — an area where IBM has not shown much progress — grew 20% year-over-year to $4.1 billion.
Here’s How Far a Vulnerable Dow Jones Industrial Average Could Tumble
Tue, 24 Oct 2017 15:32:08 +0000
To say the market, and the Dow Jones Industrial Average (INDEXDJX:.DJI) in particular, have been strong of late would be something of a understatement. The Dow today is right around 23,350, up an impressive 8% since its early September low, and a whopping 29% over the past 12 months.Source: Shutterstock
International Business Machines Corp. Is a Buy on This Dip
Tue, 24 Oct 2017 15:30:25 +0000
International Business Machines Corp. (NYSE:IBM) shares have turned over a new leaf. The ailing tech company which rode the pine for much of this year's bull market has finally been put in the game — and IBM's initial performance deserves praise aplenty.Source: Shutterstock
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