IBM (IBM) Offering Possible 24.43% Return Over the Next 7 Calendar Days

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.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


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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