IBM's most recent trend suggests a bearish bias. One trading opportunity on IBM is a Bear Call Spread using a strike $136.00 short call and a strike $141.00 long call offers a potential 21.36% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $136.00 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock rose above the $141.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for IBM is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for IBM is bearish.
The RSI indicator is at 33.94 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
IBM Expands Cloud Capabilities in Canada to Unlock Digital Transformation
Thu, 24 Oct 2019 04:01:00 +0000
TORONTO , Oct. 24, 2019 /CNW/ – IBM (IBM) today announced an expansion of its global cloud footprint, with plans to launch a new IBM Cloud multizone region (MZR) in Canada by late 2020. The MZR in Canada will add to IBM's existing data center capacity and become IBM's first MZR in the country.
Edited Transcript of IBM earnings conference call or presentation 16-Oct-19 9:00pm GMT
Wed, 23 Oct 2019 21:16:28 +0000
Q3 2019 International Business Machines Corp Earnings Call
IBM picks Charlotte as host city of inaugural accelerator program
Wed, 23 Oct 2019 18:56:17 +0000
Charlotte will host 15 startups from around the world in November as part of the inaugural IBM Hyper Protect Accelerator.
Google touts quantum computing milestone
Wed, 23 Oct 2019 16:32:00 +0000
Google said it has achieved a breakthrough in quantum computing research, saying an experimental quantum processor has completed a calculation in just a few minutes that would take a traditional supercomputer thousands of years.
Tech Stocks' Q3 Earnings Lineup for Oct 24: INTC, TWTR & More
Wed, 23 Oct 2019 15:05:03 +0000
Here is a sneak peek into how four technology stocks, namely, Intel, Twitter, Citrix and VeriSign, are poised ahead of their third-quarter 2019 earnings releases on Oct 24.
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