Using Trading Central's Market Buzz for understanding premarket moves, International Business Machines (IBM) has been identified as an interesting choice.
TC Market Buzz has identified Buzzing news volume over the last 24 hours,with 72 mentions. Overall mentions represent the number of publications in the past 24 hours that mention the subject, along with a descriptor indicating how it compares to the 7-day average.
Into Most Discussed Topics widget, we find "Price Target Raised" as several brokers have upgraded the stock following the company's robust performance in several key areas, such as a significant acceleration in software growth and strong Q4 free cash flow, which exceeded the consensus.
On the sentiment side, the orientation of the news headlines is signaling a bullish sentiment score of 62 (positive). The Sentiment Score indicates how the crowd feels about a financial instrument, ranging from "negative" to "positive". Please note that a grade above 55 is a buy signal.
Meanwhile, the subjectivity widget is considered as "Low". The subjectivity index measures how rational the crowd's opinion of an entity is,which can be helpful in identifying market bubbles. Its score ranges from 0 (very rational) to 100 (very irrational).
Regarding technical analysis, from a daily point of view, by breaking above 238, the share has confirmed, on rising volumes and thanks to a breakaway gap, a bullish continuation pattern known as an "ascending triangle". Also, from a weekly chart perspective, the 52-week simple moving average is in support and the $205 area (former 2013 high) is a strong pivot area. Trading Central sees a target at $272.32 at least.
Powered by TC Labs, TC Market Buzz helps investors read less and know more,solving today’s infobesity problem. With an interactive and modern design, Buzz shows investors which stocks and topics are "buzzing", delivering a smarter news experience.
