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.
$85.50 Price Target
$76.60 Risk Management Stop
3 weeks Trade Duration