BRISTOL-MYERS SQUIBB CO
(BMY-NYSE):
Technical Viewpoint: From a low
of $20.74 on Oct 10, 2002 prices
rallied, reaching a
high of $27.37
on Nov 8, 2002. A
decline saw prices pull back, reaching a
low of
$23.59 on Nov 15, 2002.
Another rally saw prices penetrate
resistance, closing 12/6/02
at $27.84. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 30, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.00. Resistance: Is at $28.56.
Point & Figure: Reversed to the upside on Nov 21, 2002. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! BRISTOL-MYERS SQUIBB CO
(BMY-NYSE) @ $28.13 Stop: Use a protective stop of $26.13.
BRISTOL-MYERS SQUIBB CO is currently trading @ $27.84 plus $0.82 on Dec 6, 2002. Price Objective:
$39.00. Risk/Reward: $2.00 VS. $10.88. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$39.00
Risk/Reward:
$2.00 VS. $10.88
Risk/Reward Ratio:
5:1
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