Bristol-Myers Squibb Company (BMY) – stock is trading around $59.95 dollars as of December, 09, 2019 and offering a possible buying price between $59.28 – $62.24. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had the original breakout back in October.
3. The stock saw nice accumulation weeks after that.
4. When the stock moved said ways after the run up, it witnessed so call washout week, as it withstood the selloff on monster volume.
5. The stock is trading well above the 200 day moving average (DMA) line.
6. It also found support at the 50 DAM, as it offers a new entry point.
7. The stock is offering possible buying price between $59.28 – $62.24, with a stop loss at $55.15.
This stock is already part of the Stocks Under 100 Dollars pick and performance will be tracked here .
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Here is the previous annotation:
