BMY is approaching our first resistance at 52.42 (horizontal swing high resistance, 61.8% , 100% Fibonacci extension , 38.2%, 76.4% fibonacci retracement ) where a strong drop might occur below this level to our first support at 48.25 (horizontal overlap support, 50% fibonacci retracement ). Stochastic (34,5,3) is also approaching resistance and seeing a bearish...
Metrics: Max Loss On Setup: $443/contract Max Profit On Setup: $307/contract; $153/contract at 50% max for 34.5% ROC Break Even on Setup: 49.43 versus 50.18 spot Debit Paid to Spread Width Ratio: 59.1% Theta: 1.22 Delta: 31.54 Notes: With earnings on Thursday before market open and the underlying at the low end of its 52-week range, I'm looking at taking a...
BMY is approaching our first resistance at 52.39(horizontal swing high resistance, 100% fiboancci extension, 76.4%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 48.35 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we...
Bull flag almost complete on monthly scale, looking for major move as continuation of trend up. Excellent fundamentals and price has retraced to yearly pivot points for next launch. Break below pivot point or dropping out of flag invalidates. Scale out to see huge rounded bottom pattern.
I keep narrowing my projection for the top of the market as more days elapse and more data comes in. I have been contrarian to the 'pundits' and still strongly believe the market will top before the end of 2018. I am right now projecting a near-term top to occur by the end of this week or beginning of next week around 2930. This will wrap up intermediate wave 3...
$BMY 50d/200d ema Golden Cross / Bullish Ascending Triangle Golden Cross/Break-out of Triangle appears imminent. Near term target - $64 Note: Informational analysis, not investment advice.
strength in drug names, $ENDP up 20% after EPS $MNK another one that gap up on EPS. Looking for $BMY to top out at the 63 level a short term 5% move. Hope for the best prepare for the worst.
After a month of sharp sell-off, we're looking at a red 9 on the TD sequential indicator, the RSI is oversold, and we're sitting at a previous support level. I think we can safely expect at least a dead cat bounce, if not a reversal. Keep watch, do your own research. good luck
I do not personally have any shares of BMY, but I know at least 1 Real Life Trader who does. If I had shares, this is the location and price of the covered call that I would sell. :) It's at a solid resistance.
Simple Sell Setup with a interesting Risk Ratio ( > 1:3 ). Details below or on chart: FUNDAMENTAL NOTE: Bristol-Myers Squibb Company is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products. The Company's pharmaceutical products include chemically synthesized drugs, or small molecules, and...
IF BMY gaps into the red box, should be more bearish than bullish on the day (and swing trade). IF BMT gaps into the green box, should be more bullish than bearish on the day (and swing trade). What about if BMY gaps into the purple box? NO idea what happens.
Bouncing off horizontal monthly support and weekly wedge bottom, clear air to $55.
Ed was asking about this one. Here's my thoughts...
BMY would be on a run up to Weekly resistance off a Daily breakout pre-earnings
Just an idea about BMY. Is this a "cup with handle" or "island reveresal?" or "rounding bottom"? Actually is out and close to going up (if patterns are right). In RED: rounding bottom in GREEN: cup with handle what do you think about BMY? I have find no ideas to compare my points of view, thank in advance for feedback!
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...