IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $123.00 short put and a strike $118.00 long put offers a potential 37.36% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $123.00 by expiration. The full premium credit of $1.36 would be kept by the premium seller. The risk of $3.64 would be incurred if the stock dropped below the $118.00 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 69.22 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
IBM warns hackers targeting COVID vaccine ‘cold chain' supply process
Thu, 03 Dec 2020 10:07:44 +0000
IBM is sounding the alarm over hackers targeting companies critical to the distribution of COVID-19 vaccines, a sign that digital spies are turning their attention to the complex logistical work involved in inoculating the world's population against the novel coronavirus. The information technology company said in a blog post published on Thursday that it had uncovered “a global phishing campaign” focused on organizations associated with the COVID-19 vaccine “cold chain” – the process needed to keep vaccine doses at extremely cold temperatures as they travel from manufacturers to people's arms. Understanding how to build a secure cold chain is fundamental to distributing vaccines developed by the likes of Pfizer Inc and BioNTech SE because the shots need to be stored at minus 70 degrees Celsius (-94 F) or below to avoid spoiling.
Piaggio Group, Manufacturer of the Vespa Scooter, Selects IBM To Improve Interoperability and Efficiency at Its Global Plants
Thu, 03 Dec 2020 08:00:00 +0000
IBM (NYSE: IBM) and The Piaggio Group (PIA.MI), European leader and one of the main world players in the scooter and motorcycle market, also active in the field of robotics with the production of ground drones, have announced the completion of an international project to transition Piaggio's management applications to SAP S/4HANA. The solution will accelerate and simplify internal processes such as providing its employees with more effective and faster order management tools and delivering more flexibility for its clients' service requests.
IBM Helps Support ABB's Procurement Digitization with The Launch of SmartBuy: A New Program Using SAP® Ariba® Solutions
Thu, 03 Dec 2020 08:00:00 +0000
IBM (NYSE: IBM) today announced that it has been contracted by global technology company, ABB, to help support its procurement digitization journey with the launch of SmartBuy, a newly designed end-to-end employee purchasing program that aims to match the ease of on-line shopping with the intuitiveness and speed of a search engine. The solution is designed to also be tasked with automating the process of finding, procuring and managing ABB's supplier network, with services like self-registration and contract processes.
IBM Positioned as a Leader In 2020 Gartner Magic Quadrant for Cloud Database Management Systems
Wed, 02 Dec 2020 14:00:00 +0000
IBM (NYSE: IBM) announced that Gartner has positioned IBM as a Leader in its newly released 2020 Gartner Magic Quadrant for Cloud Database Management Systems (DBMS). The firm examined IBM's range of database management solutions, including IBM Db2 on Cloud, which features AI-powered capabilities to help companies modernize the management of both structured and unstructured data across hybrid cloud environments.
IBM Named a Leader in the 2020 IDC MarketScape For Worldwide Advanced Machine Learning Software Platform
Wed, 02 Dec 2020 14:00:00 +0000
IBM (NYSE: IBM) has been named to the Leaders Category in the latest IDC MarketScape: Worldwide Advanced Machine Learning Software Platforms 2020 Vendor Assessment (October 2020, IDC US45358820). The report evaluated vendors who offer tools and frameworks for developing advanced machine learning models and solutions.
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