BMY | Time to Load | LONGBristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. It offers products for hematology, oncology, cardiovascular, immunology, fibrotic, and neuroscience diseases. The company's products include Eliquis, an oral inhibitor for reduction in risk of stroke/systemic embolism in NVAF, and for the treatment of DVT/PE; Opdivo for anti-cancer indications; Pomalyst/Imnovid indicated for patients with multiple myeloma; Orencia for adult patients with active RA and psoriatic arthritis; and Sprycel for the treatment of Philadelphia chromosome-positive chronic myeloid leukemia. It also provides Yervoy for the treatment of patients with unresectable or metastatic melanoma; Empliciti for the treatment of multiple myeloma; Abecma for the treatment of relapsed or refractory multiple myeloma; Reblozyl for the treatment of anemia in adult patients with beta thalassemia; Opdualag for the treatment of unresectable or metastatic melanoma; and Zeposia to treat relapsing forms of multiple sclerosis. In addition, the company offers Breyanzi, a CD19-directed genetically modified autologous T cell immunotherapy for the treatment of adult patients with relapsed or refractory large B-cell lymphoma; Onureg for the treatment of adult patients with AML; Inrebic, an oral kinase inhibitor indicated for the treatment of myelofibrosis; Camzyos for the treatment of adults with symptomatic obstructive HCM to enhance functional capacity and symptoms; Sotyktu for the treatment of adults with moderate-to-severe plaque psoriasis; Revlimid, an oral immunomodulatory drug for the treatment of multiple myeloma; and Abraxane, a protein-bound chemotherapy product. It sells products to wholesalers, distributors, pharmacies, retailers, hospitals, clinics, and government agencies. The company was formerly known as Bristol-Myers Company. The company was founded in 1887 and is headquartered in New York, New York.
BMYB34 trade ideas
BMY SELL+BMY chart is not encouraging if you are long the stock. We have just broken below cloud support, the bear market will likely worsen the next several months taking out all the "safe haven" stocks. BMY is slightly oversold here and should bounce at support around $72 before breaking and going lower. Next target $68.50 then $63.59 then lookout below
Pivot confirmed on Bristol-Myers-Squibb. BMYAnd we are going down. Most of the C Wave is probably done, but there is still profits to be made with good certainty. C Wave finishing itself off more or less. Fibgoals in place.
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. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
BMY: Always bet on pharma!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 will be 75.96 and 80.00
Resistance: 72.00 / 80.00 / 100.00
Support: 71.00 / 65.00 / 60.00
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Bristol-Myers Squibb: The Beginning of a CorrectionGood evening.
Fundamental analysis of the company was published in Seeking Alpha.
I expect Bristol-Myers Squibb shares to correct in the $68-$69 per share range.
Disclosure: This article may not take into account all the risks and catalysts of the assets described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental/technical criteria or events change in the future, I do not assume any obligation to update this article.
6/20/22 BMYBristol-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