I am buying 5,000 shares of Bristol-Myers Squibb Co (NYSE:BMY). Just last week the stock
reported stellar earnings
and jumped sharply higher. Since then, in a week biotech/pharma market, $BMY has slowly pulled back. This slow pullback is called bullish
consolidation and is actually setting up to rocket higher. With the stock
trading off 52 week lows, it is a low risk/higher reward trade. Add the bullish
consolidation in and it is a no brainer as a buy. Want to get alerted when I buy stocks
in real-time? Sign up to Verified Investing and follow me. Anytime I buy a stock/ETF, you will get an email. You can then opt-into the trade getting my exact entry price, target and stop. Joining Verified Investing is free, members only reward me (a Verified Trader) with a few Dollars IF they get big winning trade information.