IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $187.50 short put and a strike $182.50 long put offers a potential 19.05% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $187.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $182.50 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 52.66 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
[$$] John Akers, IBM Former Chief, Dies at 79
Mon, 25 Aug 2014 04:40:08 GMT
The Wall Street Journal – John Akers, who led IBM as its longtime dominance of the computer industry began to wane, died Friday at 79 years old.
John Akers, IBM’s CEO During Mainframe-to-PC Shift, Dies
Sun, 24 Aug 2014 16:01:48 GMT
Bloomberg – John Akers, chief executive officer at International Business Machines Corp. (IBM) for eight years during the company’s struggles to adapt its dominance in mainframes to the personal-computer era, has died. Navy pilot, Akers joined IBM in 1960 and stayed there for 33 years, until being ousted as CEO in favor of RJR Nabisco Holdings Corp. chief Louis Gerstner — IBM’s first top executive from outside the company — as financial losses mounted and the stock price skidded. Akers also served as president of the data-processing division and president before becoming chief executive in 1985. One of his executive assistants was Samuel Palmisano , who also later became CEO.
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Sun, 24 Aug 2014 12:18:01 GMT
John F. Akers, 79, Dies; Led IBM as PCs Ascended
Sat, 23 Aug 2014 20:59:22 GMT
New York Times – Mr. Akers became chief executive in 1985, as smaller, less expensive computers started to undercut the company’s lucrative mainframe computer business.
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Sat, 23 Aug 2014 11:00:32 GMT
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