The Weather Companys WSI Fusion global flight operations solution will reportedly be upgraded with live tracking data provided by FlightAware.
IBM shares closed lower for the second time in the past six trading sessions on Thursday. It has also been the sharpest daily loss since July 19th. The stock went down 1.26% ($1.80) to $140.70, with the intraday high and the intraday low being at $142.89 and $140.70 respectively. In the week ended on August 13th the shares of the tech giant lost 2.29% of their market value compared to a week ago, which marked the third drop in the past four weeks. The stock has extended its loss to 2.74% so far during the current month, following a 5.95% slump in July. The latter has been the fourth drop out of five months and also the steepest one since April. For the entire past year, the shares of the NYSE-listed tech company gained 20.61%.
12 000 Automatic Dependent Surveillance-Broadcast ground stations are expected to be added in 160 countries in relation with the upgrade.
The WSI Fusion solution ensures a closer look into changes occurring in flight, airport and airspace conditions, so that flights can be planned and tracked.
According to CNN Money, the 24 analysts, offering 12-month forecasts regarding IBM’s stock price, have a median target of $159.00, with a high estimate of $200.00 and a low estimate of $110.00. The median estimate is a 13.01% surge compared to the closing price of $140.70 on August 17th.
The same media also reported that 16 out of 29 surveyed investment analysts had rated IBM’s stock as “Hold”, while 7 – as “Buy”. On the other hand, 5 analysts had recommended selling the stock.
Daily and Weekly Pivot Levels
With the help of the Camarilla calculation method, todays levels of importance for the IBM stock are presented as follows:
R1 – $140.90
R2 – $141.10
R3 (Range Resistance – Sell) – $141.30
R4 (Long Breakout) – $141.90
R5 (Breakout Target 1) – $142.61
R6 (Breakout Target 2) – $142.89
S1 – $140.50
S2 – $140.30
S3 (Range Support – Buy) – $140.10
S4 (Short Breakout) – $139.50
S5 (Breakout Target 1) – $138.79
S6 (Breakout Target 2) – $138.51
By using the traditional method of calculation, the weekly levels of importance for International Business Machines (IBM) are presented as follows:
Central Pivot Point – $142.71
R1 – $144.22
R2 – $146.61
R3 – $148.12
R4 – $149.64
S1 – $140.32
S2 – $138.81
S3 – $136.42
S4 – $134.04