IBM's most recent trend suggests a bearish bias. One trading opportunity on IBM is a Bear Call Spread using a strike $157.50 short call and a strike $162.50 long call offers a potential 46.2% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $157.50 by expiration. The full premium credit of $1.58 would be kept by the premium seller. The risk of $3.42 would be incurred if the stock rose above the $162.50 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 38.37 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
GLOBAL MARKETS-Stocks and dollar subdued as Fed, BOJ meetings begin
Tue, 20 Sep 2016 09:14:55 GMT
Reuters – UK Focus – Shares (Berlin: DI6.BE – news) hit pause and the dollar lost ground against the yen on Tuesday, as investors awaited the outcomes of Federal Reserve and Bank of Japan meetings that will both conclude on Wednesday. Nagging doubts about the firepower left available to top central banks and a slip in oil prices made for another subdued start in Europe as the STOXX 600 dipped in and out of the red after seven falls in the last 10 days. The yen was creeping higher in the currency markets, meanwhile amid speculation the Bank of Japan may do little more than tinker with its stimulus programme and that the Federal Reserve was likely to stay guarded about its rate hike plans.
Asian stocks mostly lower amid US, Japan central banks wait
Tue, 20 Sep 2016 01:52:29 GMT
IBM Power Systems and Red Hat Extend Collaboration for Next-Generation Cloud Platforms
Mon, 19 Sep 2016 20:48:05 GMT
noodls – Las Vegas, NV (IBM EDGE) – 19 Sep 2016: IBM (NYSE: IBM) and Red Hat, Inc. (NYSE: RHT), a leading provider of open source solutions, today announced enhancements and growth in their long-standing alliance …
Hortonworks, IBM Collaborate to Offer Open Source Distribution on Power Systems
Mon, 19 Sep 2016 20:48:05 GMT
noodls – Las Vegas, NV (IBM Edge) – 19 Sep 2016: IBM (NYSE: IBM) and Hortonworks (NASDAQ: HDP) today announced the planned availability of Hortonworks Data Platform (HDP®) for IBM Power Systems enabling POWER8 …
Tangible Assets and Tech, What Are You Paying For?
Mon, 19 Sep 2016 20:21:13 GMT
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