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BRISTOL-MYERS SQUIBB INC (BMY) NYSE
 

  Report No. Report No. 2363  Analysis by: Harry Aloof
MAR 8, 2010


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 line "A", closing yesterday 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 downside 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




View Sample
Three Part
Technical Chart

Daily Candle Stick Chart
Point & Figure Chart
Technical Study


Price Objective:
$35.00
Risk/Reward:
$2.00 VS. $9.62
Risk/Reward Ratio:
5:1


 

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