Bristol Myers Squibb (NYSE: NYSE:BMY ) finds itself at a crossroads as it grapples with disappointing quarterly results and the announcement of significant workforce reductions. The pharmaceutical giant reported a first-quarter loss driven by charges related to recent acquisitions, sending its stock tumbling by 8%. Quarterly Performance: Bristol Myers'...
Bristol-Myers Squibb Co - 30d expiry - We look to Sell a break of 65.18 (stop at 67.68) Daily signals are bearish. There is no clear indication that the downward move is coming to an end. 65.95 has been pivotal. A break of the recent low at 65.28 should result in a further move lower. Price action is forming a bearish flag which has a bias to break to the...
Bristol-Myers Squibb Co Short Term - We look to Buy a break of 72.34 (stop at 70.99) Price action has formed a bullish ascending triangle formation. This is positive for sentiment and the uptrend has potential to return. Neckline resistance 72.00. A break of the neckline is required to confirm the formation. Further upside is expected. Our profit targets...
Bristol-Myers Squibb Company ( NYSE:BMY ) Sector: (Pharmaceuticals: Major) Market Capitalization: $157.061B Current Price: $73.77 Breakout price: $76.75 Buy Zone (Top/Bottom Range): $73.20-$69.20 Price Target: $79.60-$80.20 Estimated Duration to Target: 92-97d Contract of Interest: $BMY 9/16/22 80c Trade price as of publish date: $0.98/contract
Quarterly candles are showing a macro cup and handle, looks as though it needs to come down before we go up due to how to day looks. Shooting start pattern closes at the end of this month with a potential triple top in the supply zone. Stoch RSI over brought, RSI situated in the bullish zone. Will not be buying unless we either break out or retest 61.39 and...
$BMY has held up remarkably well during the market sell off. That said, I don't think that it's going to escape the downside for that much longer. We've tested the $77-78 region multiple times and just rejected again. Seeing the price action today makes me think that it's finally time for BMY to fall lower. Once $BMY breaks $75, there's not much holding it up. I...
Immediate targets 61, 59, 56, 53. Invalidation at 79. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically...
Immediate targets 61,59, 56, 53. Invalidation at 79. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
Bristol-Myers Squibb Company (BMY) oversold on the daily! Based on support and resistance we have: Price target: 67.50usd Stop loss: 55.90usd
Trade Idea Enter Long - Ideal price is $64-$66 Stop Loss - $64.4 Profit Target - $70-$71 ARK fund is dumping Bristol-Myers Squibb (BMY), should you? Yet another solid company with solid financials who is currently trading at 65.6% below estimated fair values. Earnings are forecasted to grow 30.88% per year. This stock also pays out a reliable dividend of...
When I say "historic" for BMY I'm not talking ATH but the stock's encroaching on an area that has been tested 3 times being rejected each time. This is the 236 fib area using 2016's high as the top anchor. It's been 5 years since BMY traded well above this area. But with the way attention is being placed on immunotherapy stocks, it could be something to keep in...
A complex correction, looking to continue. Down we go. Seeking to test or break the floor first and then the two fib goals traced. Not financial advice.
Wait - until - alert clock - ringringringring.
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This is an oldie but goodie gonna hit 70 $ before U know it...
$BMR is breaking out the buy point of cup w handle. If you find my charts useful, please just leave me "like" thank you
We just checked pharmacies around the North East PALFORZIA peanut allergy drug is available at CVS Pharmacy and is being filled at CVS Pharmacy CVS Pharmacy is currently the largest pharmacy chain in the United States by number of locations with over 9,600 pharmacies throughout the United States. Its parent company ranks as the 7th largest U.S. corporation by...
I found a strong sector because there are strongly proves the pharmaceuticals helps to improve the quality of life and increases life expectancy