IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $150.00 short put and a strike $145.00 long put offers a potential 7.07% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock dropped below the $145.00 long put 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 up which suggests that the medium-term momentum for IBM is bullish.
The RSI indicator is at 66.22 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
[$$] IBM Agrees $300 Million Services Deal With Emirates Airline
Wed, 08 Jun 2016 02:29:48 GMT
India's colonial-era monsoon forecasting to get high-tech makeover
Tue, 07 Jun 2016 23:00:01 GMT
Reuters – India's forecasting of the monsoon – the crop-nourishing seasonal rains that are the lifeblood for farmers in the country of 1.3 billion people – is getting a high-tech makeover. Jettisoning a statistical method introduced under British colonial rule in the 1920s, India's meteorology office is spending $60 million on a new supercomputer to improve the accuracy of one of the world's most vital weather forecasts in time for next year's rains. The new system, based on a U.S. model tweaked for India, requires immense computing power to generate three-dimensional models to help predict how the monsoon is likely to develop.
IBM passes 1,000 jobs at Big Data center in Columbus, gets another year to hit goal
Tue, 07 Jun 2016 22:01:25 GMT
American City Business Journals – IBM Corp. will get another year to hit its goal of adding 500 jobs at its 3-year-old business intelligence campus in northwest Columbus, because it's been harder than expected to find and train Big Data professionals. Franklin County Commissioners on Tuesday unanimously approved extending by one year IBM's $300,000 work force training grant approved in 2012 for the IBM Client Center for Advanced Analytics. Grants are paid out as jobs are added, so the company has received $229,000 for creating 76 percent of the pledged jobs.
This Is Not Your Father's IBM
Tue, 07 Jun 2016 18:35:00 GMT
TheStreet – But it could use more base building.
IBM Lands $300 Million Deal with Emirates Airline
Tue, 07 Jun 2016 18:15:03 GMT
Investopedia – In yet another win involving a large, Middle Eastern airline, IBM (NYSE: IBM) announced it has inked a 10-year, $300 million agreement with longtime customer Emirates. The Dubai-based carrier is the …
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