jenny_rebekka
Long

I am buying $BMY right here...

NYSE:BMY   BRISTOL-MYERS SQUIBB COMPANY
BMY
92 4 2
bmy
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.

Comment: I exited this trade for a great profit at $56. See my verified track record here: https://verifiedinvesting.com/JennyRebekka
Trade closed: target reached
@jenny_rebekka I had BMY in my radar, but I missed it (and missed your idea too). What do you think about this > BMY could be out of from 3 different kind of patterns ("cup with handle" or "island reveresal?" or "rounding bottom") could be time to go up? what do you think? thanks for reply (p.s. your idea was perfectly on time, I'll put yours next in my radar too)
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Will $BMY retrace its gap up to the down side 53.30 - looking to long.
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@NSN, I got out for a profit at 56. I would look to buy it back below 50 this time around.
Reply
NSN jenny_rebekka
@jenny_rebekka,
Thanks, I will alert this $BMY at 51.
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