IBM trade ideas
IBM - Global Growth = Business GrowthAn earnings beat and upbeat guidance tonight could provide IBM the breakout it needs to head to my year end PT of $160. Agreements between the US and China regarding IP could also fuel more earnings growth, but I'm not holding my breath.
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IBM Triangle Pattern and Potential Trade OpportunitiesFundamentals
Price: $134.40
Dividend Yield: 4.8%
Current Dividend Annualized: $6.48
Normalized Diluted Earnings Per Share (TTM): $8.32
Earnings Report: 10/17/19
Next Earnings Report: 1/22/20
Potential Bearish Triangle Breakout and Bullish Butterfly
Have a nice weekend
IBM Super-BearishConfirming IBM super-bearish into Spring 2020. Expect high volume sell-off pre and post earnings release. Pre earnings drop possible around mid to low 130's, may go as low as sub 120's on earnings or up to 1-2 weeks post earnings, as low as 110's by end of the year. Fantastic short potential on super-weak technicals.