IBM's most recent trend suggests a bearish bias. One trading opportunity on IBM is a Bear Call Spread using a strike $160.00 short call and a strike $165.00 long call offers a potential 6.84% 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 $160.00 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 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 33.45 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
China's Lenovo to cut over 3,000 jobs as net profit halves
Thu, 13 Aug 2015 06:08:25 GMT
Lenovo to Cut Jobs as PC Market Continues to Contract
Thu, 13 Aug 2015 04:03:06 GMT
The Wall Street Journal – Chinese PC maker Lenovo said it would cut jobs and restructure as it continues the integration of two major acquisitions, after reporting a 51% slump in fiscal first-quarter earnings.
Did Alibaba, Box And Fitbit Peak At Their IPOs?
Wed, 12 Aug 2015 22:57:46 GMT
IBM, Galvanize team up to attract women to data science careers
Wed, 12 Aug 2015 18:55:12 GMT
American City Business Journals – IBM is encouraging more women to get into data science fields by helping support them taking data science classes run by Denver-based Galvanize, including putting money toward their tuition. Armonk, New York-based IBM (IBM) and Galvanize announced the partnership Tuesday, part of becoming a sponsor for Galvanize’s Data Science program. IBM pledged $150,000 in tuition assistance for women enrolling in Galvanize data science lessons, and to help mentor and support women in the program in other ways, including working with members of the IBM Analytics team.
Box Snags Competitor Syncplicity's Former Chief To Run Its Platform Business
Wed, 12 Aug 2015 16:00:00 GMT
Forbes – If you can't beat them, join them. Two months after EMC announced it was selling its competitor to Box, the former chief of that business has gone a step further, joining Box as its new platform boss.
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