International Business Machines Corporation (IBM) Shares are Up 1.79%

International Business Machines Corporation (IBM) : Traders are bullish on International Business Machines Corporation (IBM) as it has outperformed the S&P 500 by a wide margin of 3.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.36%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.79% in the last 1 week, and is up 5.85% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

International Business Machines Corporation (NYSE:IBM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $162.00 and $161.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $163.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $163.50, notching a gain of 1.21% for the day. The total traded volume was 3,812,370 . The stock had closed at $161.55 on the previous day.

The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 5.44%. International Business Machines Corporation is up 11.01% in the last 3-month period. Year-to-Date the stock performance stands at 21.18%.

International Business Machines Corporation (IBM) : 16 Wall Street analysts covering International Business Machines Corporation (IBM) believe that the average level the stock could reach for the short term is $155.44. The maximum price target given is $186 and the minimum target for short term is around $110, hence the standard deviation is calculated at $21.36.


International Business Machines Corporation is a technology company. The Company operates in five business segments: Global Technology Services (GTS), which includes Strategic Outsourcing, Integrated Technology Services, Cloud and Technology Support Services, and also provides information technology (IT) infrastructure and business process services; Global Business Services (GBS), which offers its services across Consulting and Systems Integration, Global Process Services and Application Management Services; Software, which consists of middleware and operating systems software; Systems and Technology (STG), which provides infrastructure technologies, and Global Financing, which provides financing solutions for products or services that are critical to the end users business operations. Its IBM Watson Health Cloud platform collects clinical, research and social data from a range of health sources and creates a cloud-based data sharing hub.

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