IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $190.00 short put and a strike $180.00 long put offers a potential 19.19% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $190.00 by expiration. The full premium credit of $1.61 would be kept by the premium seller. The risk of $8.39 would be incurred if the stock dropped below the $180.00 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 55.69 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
Will International Business Machines (IBM) Beat Q1 Earnings?
Tue, 15 Apr 2014 13:20:06 GMT
Zacks – International Business Machines is set to report fiscal first-quarter 2014 results on Apr 16.
Will This Analyst Downgrade Hurt IBM Stock Today?
Tue, 15 Apr 2014 13:03:00 GMT
TheStreet – Citigroup downgraded IBM (IBM) to “neutral” from “buy” and set a $200 price target. The firm cited valuation as the reason for the move.
IBM Earnings Preview: Focus On Revenues For Future Growth Indication
Tue, 15 Apr 2014 12:48:00 GMT
Forbes – We expect that IBM will continue to report growth for software segment and GBS revenues in Q1. Additionally, we expect order backlog to improve, which will boost revenues in the future. Furthermore, as IT spending rebounds in 2014, we expect the company to report growth in revenues from emerging economies, which reported a lackluster performance in the previous quarters.
IBM Creates Big Data & Business Analytics Center of Competence in Greece
Tue, 15 Apr 2014 10:01:00 GMT
PR Newswire – ATHENS, Greece, April 15, 2014 /PRNewswire/ — IBM [NYSE: IBM] has announced that it will establish a new Big Data and Business Analytics Center of Competence in Athens, Greece advancing its ability to deliver Big Data and Business Analytics technical and consulting capabilities in the region, drawing on an emerging generation of highly skilled local expertise. IBM Research, which dedicates two-thirds of its work to Big Data, Analytics and the fast-emerging field of Cognitive Computing
Cloud infrastructure business seen as three-horse race
Mon, 14 Apr 2014 23:52:00 GMT
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