BRISTOL-MYERS SQUIBB CO
(BMY-NYSE):
Technical Viewpoint: From a low
of $25.89 on Feb 27, 2007 prices
rallied, reaching a
high of $27.46
on Mar 13, 2007. A
decline saw prices pull back, reaching a
low of
$26.41 on Mar 16, 2007.
Another rally saw prices penetrate
resistance, closing 4/13/07
at $28.32. Technicals: MACD Index (MACD): A Buy Alert!
was given on Dec 23, 2006 when the solid line crossed the dotted line to the upside.
Support: Remains at $26.00. Resistance: Is at $28.82.
Point & Figure: Reversed to the upside on Apr 9, 2007. A P&F upside
reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! BRISTOL-MYERS SQUIBB CO
(BMY-NYSE) @ $28.50 Stop: Use a protective stop of $26.50.
BRISTOL-MYERS SQUIBB CO is currently trading @ $28.32 plus $0.77 on Apr 13, 2007. Price Objective:
$39.50. Risk/Reward: $2.00 VS. $11.00. Today's Risk Reward Ratio: 5:1
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