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IBM trade ideas

IBM $120.75 Entry / Great Recovery Company0. We are looking at IBM lately, and like what we are seeing. 1. We like IBM, summed up here: IBM Deep Dive: Strategy Shift Driving Growth; Attractive Share Price And Dividend Yield Summary IBM is successfully pivoting itself away from its declining legacy products and towards growth as a cloud, software, and services company. 60% of IBM’s revenue is recurring, and the Company touts a long-tenured, highly diversified customer base. For the first time in over a decade, we expect IBM to return to sustained growth in 2021, driven by a successful business transition. Considering IBM’s forecasted growth, thecurrent valuation levels are highly attractive. IBM pays a handsome dividend yield of 5.3% and has a 25-year history of increasing its annual dividend. seekingalpha.com
NYSE:IBMLong
by drchelsea1
IBM where is it going? Did acquiring Red Hat had an effect in SPUnfortunately, COVID19 happened and Red Hat was purchased in July of 2019. Hence, the effect of Red Hat to IBM would not be fully realised and would be more gradual over the years. I looked at the techinical play and I found that IBM is still in the downtrend since its peak in 2013 (check weekly charts). In my humble opinion, I really think that if the pandemic did not occur then IBM would likely be trading above 160 today. If we looked at the the daily charts, I cannot help but notice that the price action is currently forming a channel that is a very similar since its last peak at $156. My trading plan would likely be: I'd alert at $115 and assess the situation. Then if I take a position, I would sell it at $130.
NYSE:IBM
by banjo_nz
2