BUY! BRISTOL-MYERS SQUIBB CO (BMY) NYSE

  Report No. 1658    Analysis by: Harry Aloof     DECEMBER 9, 2002

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$39.00 Risk/Reward:
$2.00 VS. $10.88 Risk/Reward Ratio:
5:1
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