IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $129.00 short put and a strike $124.00 long put offers a potential 26.9% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $129.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock dropped below the $124.00 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 above 80 which suggests that the stock is in overbought territory.
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
Intel CEO: ‘There is competitive fun going on with Apple'
Wed, 24 Mar 2021 18:09:14 +0000
Intel's new CEO Pat Gelsinger talks with Yahoo Finance about the chip giant's current relationship with Apple.
Intel (INTC) Announces $20B Investment to Rev Up Manufacturing
Wed, 24 Mar 2021 15:08:03 +0000
Intel (INTC) set to invest $20 billion for establishment of two factories in Arizona to boost semiconductor manufacturing capacity.
What’s behind Intel’s $20 billion plan
Wed, 24 Mar 2021 13:20:10 +0000
Yahoo Finance’s Julie Hyman and Brian Sozzi discuss Intel’s turnaround efforts and moves in tech stocks.
IBM Launches New and Enhanced Services to Help Simplify Security for Hybrid Cloud
Wed, 24 Mar 2021 10:00:00 +0000
Today, IBM (NYSE: IBM) Security announced new and enhanced services designed to help organizations manage their cloud security strategy, policies and controls across hybrid cloud environments. The services bring together cloud-native, IBM and third-party technologies along with IBM expertise to help organizations create a unified security approach across their cloud ecosystems.
Box Stock Inches Higher as Analysts Speculate on Potential Buyers
Tue, 23 Mar 2021 16:09:00 +0000
Wall Street analysts see Salesforce, IBM, and Alphabet as among the potential suitors for the cloud storage company.
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