IBM’s most recent trend suggests a bullish bias. One trading opportunity on IBM is a Bull Put Spread using a strike $152.50 short put and a strike $147.00 long put offers a potential 24.43% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $152.50 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $147.00 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 67.72 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for IBM
GRAPHIC-Tech titans’ market heft could signal broader stocks worry
Wed, 12 Feb 2020 16:11:01 +0000
Outsized stock price gains for Apple Inc and Microsoft Corp mean the two tech titans’ shares have attained unusual status: a combined weight of 10% of the benchmark S&P 500 index. The S&P 500, which many use a proxy for the overall market, is a market-cap weighted index, meaning that large stocks carry more influence. The last time a year ended with two stocks amounting to at least one-tenth of the S&P 500 was 1982, according to data from Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, when IBM and AT&T amounted to about 10.9% of the index.
S&P, Nasdaq eke out record closes as coronavirus worries ease
Tue, 11 Feb 2020 21:30:00 +0000
The S&P 500 and Nasdaq notched record closes on Tuesday, but the Dow finished virtually unchanged. Investors attributed optimism surrounding equities to signs of a slowdown of new cases of COVID-19 in China, while the top Federal Reserve chief said the central bank is monitoring the economic impact of the viral outbreak. The S&P 500 (SPX) advanced 5.66 points, or 0.2%, to 3,357.75, and the Nasdaq Composite Index (COMP) rose 10.55 points, or 0.1%, to finish at 9,638.94, with both indexes notching all-time closing highs.
Red Hat may have reached a resolution in sex discrimination case, filings show
Tue, 11 Feb 2020 19:56:02 +0000
Red Hat appears may have reached a resolution with a former employee who had sued the Raleigh software company over gender discrimination.
Piper Sandler Remains Bullish On Slack On Broader Enterprise Adoption
Tue, 11 Feb 2020 18:00:10 +0000
Slack Technologies Inc (NYSE: WORK ) confirmed after market close Monday that its biggest customer International Business Machines Corp (NYSE: IBM ) had plans of going “wall to wall” with its chat app. …
Charting a bull-flag breakout, S&P 500 extends to record territory
Tue, 11 Feb 2020 17:41:00 +0000
Technically speaking, the S&P 500 has staged a bull-flag breakout, reaching record territory as the recent market volatility spike fades, writes Michael Ashbaugh.
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