According to IBMs The Weather Company, Elite Airways is to continue using its WSI Fusion global tracking and dispatch services. Meanwhile, an aviation product suite, which consists of four products combining proprietary weather-tracking solutions, is to be added as well.
IBM shares closed higher for a sixth time in the past nine trading sessions on Tuesday. The stock inched up 0.07% ($0.11) to $154.95, with the intraday high and the intraday low being at $155.39 and $154.25 respectively. In the week ended on June 18th the shares of the tech giant added 0.83% to their market value compared to a week ago, which marked a second consecutive period of gains. The stock has extended its advance to 1.52% so far during the current month, following a 4.78% slump in May. The latter has been a third consecutive month of losses. For the entire past year, the shares of the NYSE-listed company gained 20.61%.
“Building upon the foundation set by the WSI Fusion global track and dispatch services, we will now be able to better serve our Pilots and Dispatchers with additional robust and reliable flight planning tools that will help increase confidence and operational efficiency”, John Pearsall, president and director of operations at Elite Airways, said, cited by Seeking Alpha.
According to CNN Money, the 22 analysts, offering 12-month forecasts regarding IBM’s stock price, have a median target of $166.00, with a high estimate of $212.00 and a low estimate of $110.00. The median estimate is a 7.13% surge compared to the closing price of $154.95 on June 20th.
The same media also reported that 17 out of 28 surveyed investment analysts had rated IBM’s stock as “Hold”, while 6 – 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 – $155.05
R2 – $155.16
R3 (Range Resistance – Sell) – $155.26
R4 (Long Breakout) – $155.58
R5 (Breakout Target 1) – $155.94
R6 (Breakout Target 2) – $156.10
S1 – $154.85
S2 – $154.74
S3 (Range Support – Buy) – $154.64
S4 (Short Breakout) – $154.32
S5 (Breakout Target 1) – $153.96
S6 (Breakout Target 2) – $153.80
By using the traditional method of calculation, the weekly levels of importance for International Business Machines (IBM) are presented as follows:
Central Pivot Point – $155.17
R1 – $157.41
R2 – $159.43
R3 – $161.67
R4 – $163.90
S1 – $153.15
S2 – $150.91
S3 – $148.89
S4 – $146.86
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