Get started
INTERNATIONAL BUSINESS MACHINES CORPORATIONINTERNATIONAL BUSINESS MACHINES CORPORATIONINTERNATIONAL BUSINESS MACHINES CORPORATION

INTERNATIONAL BUSINESS MACHINES CORPORATION

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

IBM trade ideas

IBM falling out of bear flag channelIBM has been in a classic bear flag channel for a few weeks. It looks like we're breaking downwards now to complete the bear flag pattern. I'm looking for a drop of about $40 from the top of the channel to somewhere in the $90-100 range. This is consistent with the methodology of the breakout from a flag is about equal to the price move leading to the flag. I think that this is a reasonable area to look for bullish signals after the dust has settled from the Red-Hat merger.
NYSE:IBMShort
by fghjkl
IBM poised for new low?IBM usually bounces up twice before setting a new low. Bought various puts after SPX gap close this morning, decided to keep this one for another week. Target is $112. If you want to get greedy, $105 marks the double bottom, from Jan 2016, would recommend Jan puts. Balance sheet already looks like crap, and they're going to overpay for RHT? Not even sure how they're going to come up with $34B in CASH, but way over payment for a company trading at over 60x P/E. If they go through with it, say goodbye to dividends. I bet they nix the deal in January, and the stock goes back up. Of course, they'll get sued though.
NYSE:IBMShort
by hungry_hippo
4