$BMY bouncing off long-term support (4/5)
Conviction: 4/5
might be better to buy when the stock goes over 1998 resistance
General Thesis
Growth
Value
might be better to buy when the stock goes over 1998 resistance
General Thesis
- bouncing off of multi-cycle support (since 1974)
- Weekly RSI showing sliiight bullish divergence
Growth
- Margins quite low compared to own history
- low growth
Value
- very cheap
- Fundamentals
low debt/asset ratio and plenty of cash to deal with short term debts
Potential Risks- expensive market...
- long-term resistance around 76 since 1998
- expensive market...
- Fundamentals
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