International Business Machines Corp. (NYSE:IBM) HEFFX Highlights

International Business Machines Corp. (NYSE:IBM) HEFFX Highlights

International Business Machines Corp. (NYSE:IBM) HEFFX Highlights

  • IBM has named David La Rose as its new Australia and New Zealand (A/NZ) managing director, replacing Kerry Purcell, who has taken up a senior leadership role within IBM Japan.
  • La Rose has clocked up 28 years at IBM in a variety of senior executive roles across Europe and Asia Pacific. He was recently the Asia Pacific vice president for enterprise and commercial.
  • “Having spent much of my early career working for IBM in Australia, I regard it as a real privilege to be given the opportunity to lead this business,” La Rose said in a statement.
  • “I have a strong appreciation for the talent that exists within IBM across Australia and New Zealand, and a great respect for the innovation and industry leadership shown by our clients.”

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems. Cognitive Solutions includes Watson, a cognitive computing platform that has the ability to interact in natural language, process big data, and learn from interactions with people and computers. The GBS segment provides clients with consulting, application management services and global process services. The Technology Services & Cloud Platforms segment provides information technology infrastructure services. The Systems segment provides clients with infrastructure technologies. The Global Financing segment includes client financing, commercial financing, and remanufacturing and remarketing.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 150.03.

The projected upper bound is: 160.13.

The projected lower bound is: 147.33.

The projected closing price is: 153.73.

INTL BUS MACHINE closed down -2.380 at 153.500. Volume was 61% above average (neutral) and Bollinger Bands were 197% wider than normal.

Open          High           Low              Close           Volume
156.010      156.370      153.060       153.500      6,921,137

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period        50-period      200-period
Close:                       153.89              146.34           158.49
Volatility:                55                      27                   20
Volume:                   8,436,378       4,571,138       4,278,373

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

INTL BUS MACHINE is currently 3.1% below its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of IBM at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on IBM and have had this outlook for the last 38 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 43.8389. This is not an overbought or oversold reading. The last signal was a sell 1 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 56.72. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 1 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 25. This is not a topping or bottoming area. The last signal was a sell 1 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 5 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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