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Bristol-Myers Squibb Company (BMY) – stock is trading around $50.75 dollars as of October, 07, 2019 and offering a possible buying price between $50.45 – $52.97. Let’s look at the stocks technical actions using a weekly chart.
2. The stock was in a long downtrend since October 2018, breakdown.
3. The stock lived below the 200 day moving average (DMA) since then.
4. The stock finally brokeout last month.
5. The stock also regained the both 200 and 50 DMA lines which is much needed bullish sign.
6. The stock is offering possible buying price between $50.45 – $52.97, with a stop loss at $46.41.
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