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 13.25% return on risk over the next 17 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 $1.17 would be kept by the premium seller. The risk of $8.83 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 75.04 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
IBM China workers strike over terms in $2.3 billion Lenovo deal
Thu, 06 Mar 2014 13:16:24 GMT
Reuters – More than 1,000 workers at an IBM factory in southern China have gone on strike against the terms of their transfer to Chinese PC maker Lenovo Group Ltd caused by the U.S. company's $2.3 billion sale of its low-end server business. Several workers gather outside gate of the International Business Machines Corp factory in Shenzhen on Thursday said production remains suspended for a fourth straight day. “So far, we've heard nothing from the management or the government in response to our demands,” said Hou Hongbo, a 10- year worker at the factory. The workers want higher pay if they choose to transfer to Lenovo or higher severance packages if they choose to leave.
IBM China workers strike over terms in £1.37 billion Lenovo deal
Thu, 06 Mar 2014 13:15:29 GMT
Reuters – More than 1,000 workers at an IBM factory in southern China have gone on strike against the terms of their transfer to Chinese PC maker Lenovo Group Ltd caused by the U.S. company's $2.3 billion (£1.37 billion) sale of its low-end server business. Several workers gather outside gate of the International Business Machines Corp factory in Shenzhen on Thursday said production remains suspended for a fourth straight day. “So far, we've heard nothing from the management or the government in response to our demands,” said Hou Hongbo, a 10- year worker at the factory. The workers want higher pay if they choose to transfer to Lenovo or higher severance packages if they choose to leave.
[$$] BNP Paribas Suspends FX Spot Trading Head
Thu, 06 Mar 2014 13:13:35 GMT
The Wall Street Journal – Hundreds of workers at a Chinese plant run by IBM were on strike for a fourth day on Thursday, as the company prepares to transfer the factory to Lenovo Group, under a $2.3 billion deal for IBM's low-end …
IBM China workers strike over terms in $2.3 billion Lenovo deal
Thu, 06 Mar 2014 13:06:04 GMT
Reuters – More than 1,000 workers at an IBM factory in southern China have gone on strike against the terms of their transfer to Chinese PC maker Lenovo Group Ltd <0992.HK> caused by the U.S. company's $2.3 billion sale of its low-end server business. Several workers gather outside gate of the International Business Machines Corp (NYS:IBM) factory in Shenzhen on Thursday said production remains suspended for a fourth straight day. “So far, we've heard nothing from the management or the government in response to our demands,” said Hou Hongbo, a 10- year worker at the factory. The workers want higher pay if they choose to transfer to Lenovo or higher severance packages if they choose to leave.
The Zacks Analyst Blog Highlights: Twitter, Facebook, Fusion-io, IBM and Oracle
Thu, 06 Mar 2014 12:38:42 GMT
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