CFD Trading –Buy Bristol-Myers SQ (BMY.NYS) @ $70.10. Stop @ $67.80 and Target @ $74.60.

Bristol-Myers SQ Stock Code BMY.NYS


Price stayed above the cloud in a price correction, keeping the uptrend intact.  In the previous trading session, we saw a gap up in price, which is a hint that the price correction could have ended. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD is bullish with both lines above the zero line. We think price is likely to move higher to the previous price high at $74.59 in the next 2-3 weeks.


$70.10                Buy

$74.60                Price Target

$67.80                Risk Management Stop

3 weeks              Trade Duration

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