IBM (IBM) Offering Possible 23.46% Return Over the Next 8 Calendar Days

IBM's most recent trend suggests a bearish bias. One trading opportunity on IBM is a Bear Call Spread using a strike $134.00 short call and a strike $139.00 long call offers a potential 23.46% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $134.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock rose above the $139.00 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 62.58 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

US STOCKS-Wall Street closes higher after Powell testimony eases investors' concerns
Tue, 11 Jan 2022 21:54:45 +0000
U.S. stock indexes gained ground on Tuesday with Nasdaq leading the advance as investors were relieved that Federal Reserve Chair Jerome Powell's testimony to Congress did not include any major surprises. Federal Reserve Chair Jerome Powell, in a congressional hearing that pointed to his likely confirmation for a second term in the job, said the U.S. central bank, was determined to ensure high inflation did not become “entrenched.”

IBM stock slips amid questions about cloud competition, revenue growth
Tue, 11 Jan 2022 20:02:00 +0000
International Business Machines Corp. shares fell Tuesday after an analyst downgraded the stock on concerns about revenue growth following Big Blue's spinoff of Kyndryl Holdings Inc. and IBM's ability to compete in the cloud market.

US STOCKS-Wall Street bounces as Powell's testimony brings some relief
Tue, 11 Jan 2022 19:25:24 +0000
U.S. stock indexes were gaining ground on Tuesday with Nasdaq leading the advance as investors appeared relieved that Federal Reserve Chair Jerome Powell's testimony to Congress did not include any major surprises. Federal Reserve Chair Jerome Powell, in a congressional hearing that pointed to his likely confirmation for a second term as head of the U.S. central bank, said the economy should weather the current COVID-19 surge with only “short-lived” impacts and was ready for the start of tighter monetary policy.

Stock Market Rallies As Powell Focuses On Inflation; EV, Oil Stocks Surge
Tue, 11 Jan 2022 18:45:59 +0000
The stock market turned higher Tuesday as the Senate held its confirmation hearing for Jerome Powell's expected second term as Fed chief.

US STOCKS-Wall St bounces as tech stocks rise after Powell's testimony
Tue, 11 Jan 2022 17:56:18 +0000
U.S. stock indexes reversed course on Tuesday as technology stocks recovered, with investors taking comfort in Federal Reserve Chair Jerome Powell's testimony to Congress not delivering any major surprises. Powell said the central bank's plans to tighten monetary policy this year were not undercutting strong employment in an economy that “no longer needs or wants” massive stimulus. “The reaction we're getting today is a reflection of things that we already know,” said Art Hogan, chief market strategist at National Securities in New York.

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