CFD Trading – Buy Bristol-Myers SQ (BMY.NYS) @ $78.95. Stop @ $76.60 and Target @ $85.50.

Bristol-Myers SQ Stock Code BMY.NYS


Price broke and closed above a previous 52-week high in the previous trading session. Price also broke above a recent high, creating an Ichimoku V-shaped reversal with a price projection target at $85.50. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD has a bullish crossover and is hinting at a bullish price trend. We think price is likely to move higher to the Ichimoku V shaped price projection at target $85.50 in the next 2-3 weeks.


$78.95                Sell

$85.50                Price Target

$76.60                Risk Management Stop

3 weeks               Trade Duration

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