IBM's most recent trend suggests a bearish bias. One trading opportunity on IBM is a Bear Call Spread using a strike $155.00 short call and a strike $165.00 long call offers a potential 5.49% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $155.00 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $9.48 would be incurred if the stock rose above the $165.00 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 30.89 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
IBM apologizes for Australian e-census bungle, setting off blame game
Tue, 25 Oct 2016 09:43:31 GMT
IBM apologizes for Australian e-census bungle, setting off blame game
Tue, 25 Oct 2016 09:43:31 GMT
[$$] IBM says turning router off and on again may have foiled hackers
Tue, 25 Oct 2016 08:06:28 GMT
Financial Times – IBM said the complete shut down of the Australian government's census website during a “malicious” cyber attack this year may have been prevented if it had simply switched a router off and on …
[$$] IBM in Settlement Talks With Australia Over Botched Online Census
Tue, 25 Oct 2016 05:37:14 GMT
The Wall Street Journal – International Business Machines is negotiating a settlement with Australia’s government over a bungled effort to oversee the country’s first online census.
IBM apologises for Australian e-census bungle, setting off blame game
Tue, 25 Oct 2016 05:20:32 GMT
Reuters – International Business Machines Corp apologised to Australia on Tuesday for what the government has described as a “malicious” cyber-attack that shut down a national census, but blamed two domestic internet providers for the security lapse. IBM was the lead contractor for the five-yearly August 9 household survey by the Australian Bureau of Statistics (ABS) which went offline that day after four distributed denial of service (DDoS) attacks, caused by the website being flooded with clicks. At a Senate inquiry into the matter, IBM Australia and New Zealand Managing Director Kerry Purcell said he apologised “unreservedly” for the inconvenience and added that he is negotiating a settlement with the government for failing to fulfil the A$10 million ($7.6 million) contract.
Related Posts
Also on Market Tamer…
Follow Us on Facebook