BMY buy at 65.44 with profit taking at 81.8

BMY, which is Bristol Myer Squibb Co not to be confused with the grocery store Bristol Farms is an Medical company that manufactures doctor prescribed drugs. This company has not made much movement since the beginning of 2020 from a price perspective but has made quite a splash from a fundamentals perspective. Their earnings the last 3 quarter is 30%, 56%, and 38%. Their sales is 33%, 82%, and 61%. This means the company is pretty outsanding in growing sales and making more money from every sale. The handle formation is providing a great entry point at $65.44 if it is able to reach past this area and the cup is providing a late entry at $68.44. This 3 dollars doesn't sound like much but on a percent basis it is about 4.5%, which if your stop loss is 7% below your buy point you might easier get stopped out due to volatility. The other pro of this is that Fidelity Contrafund owns about .4% of the company's share, which is almost 90mm shares and that isn't a small number. We shall see what happens on the day this stock breaks out if it ever does.