BRISTOL-MYERS SQUIBB INC
(BMY-NYSE):
Technical Viewpoint: From a low
of $21.77 on Nov 2, 2009 prices
rallied, reaching a
high of $26.62
on Nov 21, 2009. A
decline saw prices pull back, reaching a
low of
$23.49 on Feb 5, 2010.
Another rally saw prices penetrate
resistance, closing 3/5/10
at $25.28. Technicals: MACD Index (MACD): A Buy Alert!
was given on Feb 16, 2010 when the solid line crossed the dotted line to the upside.
Support: Remains at $24.75. Resistance: Is at $25.64.
Point & Figure: Reversed to the upside on Feb 19, 2010. A P&F upside
reversal takes place at $23.50. Summary: Technical indicators have turned bullish. BUY! BRISTOL-MYERS SQUIBB INC
(BMY-NYSE) @ $25.38 Stop: Use a protective stop of $23.38.
BRISTOL-MYERS SQUIBB INC is currently trading @ $25.28 plus $0.81 on Mar 5, 2010. Price Objective:
$35.00. Risk/Reward: $2.00 VS. $9.62. 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:
$35.00
Risk/Reward:
$2.00 VS. $9.62
Risk/Reward Ratio:
5:1
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