IBMs joint data trade solutions with Salesforce.com have reportedly gone live on August 31st. Clients of the tech giant are now able to utilize Salesforce data in application building via the IBM Cloud Integration for Salesforce, according to Seeking Alpha.
IBM shares closed higher for the seventh time in the past nine trading sessions on Thursday. The stock went up 0.33% ($0.47) to $143.03, after touching an intraday high at $143.66, or a price level not seen since August 28th ($144.56). In the week ended on August 27th the shares of the tech giant added 2.89% to their market value compared to a week ago, which marked the first gain in the past three weeks and also the best performance since the week ended on January 29th. However, the stock retreated 1.13% in August, which marked a second consecutive month of losses. For the entire past year, the shares of the NYSE-listed tech company gained 20.61%. The stock has dropped 13.83% so far in 2017.
At the same time, users of Salesforces Lightning app are now granted access to weather data from IBMs subsidiary, The Weather Company.
The Weather Record feature enables users to submit weather data sorted by date to a Salesforce record.
Meanwhile, the Weather Focus feature allows developers to integrate weather data into applications with ease.
According to CNN Money, the 22 analysts, offering 12-month forecasts regarding IBM’s stock price, have a median target of $158.50, with a high estimate of $200.00 and a low estimate of $125.00. The median estimate is a 10.82% surge compared to the closing price of $143.03 on August 31st.
The same media also reported that 15 out of 27 surveyed investment analysts had rated IBM’s stock as “Hold”, while 7 – as “Buy”. On the other hand, 4 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 – $143.12
R2 – $143.20
R3 (Range Resistance – Sell) – $143.29
R4 (Long Breakout) – $143.55
R5 (Breakout Target 1) – $143.86
R6 (Breakout Target 2) – $143.98
S1 – $142.94
S2 – $142.86
S3 (Range Support – Buy) – $142.77
S4 (Short Breakout) – $142.51
S5 (Breakout Target 1) – $142.20
S6 (Breakout Target 2) – $142.08
By using the traditional method of calculation, the weekly levels of importance for International Business Machines (IBM) are presented as follows:
Central Pivot Point – $142.35
R1 – $145.58
R2 – $147.41
R3 – $150.64
R4 – $153.86
S1 – $140.52
S2 – $137.29
S3 – $135.46
S4 – $133.62