IBM's most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $185.00 short put and a strike $175.00 long put offers a potential 10.99% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $185.00 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $9.01 would be incurred if the stock dropped below the $175.00 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 72.87 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
[$$] Judge Says FAA Lacks Clear Authority on Commercial Drones
Fri, 07 Mar 2014 04:52:59 GMT
The Wall Street Journal – An administrative law judge's ruling held that the FAA lacks clear-cut authority to ban the commercial use of drones in the continental U.S.
In pictures: Shenzhen factory strike against Lenovo-IBM deal
Fri, 07 Mar 2014 04:45:38 GMT
Tech in Asia – Factory workers in Shenzhen have been on strike for over four days now protesting the takeover of Lenovo‘s (HKG:0992) server unit by IBM (NYSE:IBM). The demonstrators argue that those who chose to leave …
Is IBM Poised to Head Higher?
Thu, 06 Mar 2014 20:28:12 GMT
Why 2014 Will Be a Crucial Year in IBM's History
Thu, 06 Mar 2014 19:44:00 GMT
TheStreet – Fueled by cloud, big data and the Watson supercomputer, 2014 will prove an important 12 months in IBM's 103-year history.
Hewlett-Packard Wins $548M DoD Contract
Thu, 06 Mar 2014 16:20:05 GMT
Zacks – The Enterprise Service division of Hewlett-Packard announced that it has been awarded a task order by the Defense Manpower Data Center of the U.S. Department of Defense.
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