Short term view - BRISTOL-MYERS SQUIBB CO : The major resistance has been reached, it causes the fall.
The trend has been momentarily interrupted by a correction. It approaches the resistance at $52.93, which also is the invalidation level. It should cause a fall and resume the bearish trend. The next target is at $44.60. The invalidation level is below $52.93.Arguments :
- The major resistance has been reached, it causes the fall.
- The moving average is capping prices.
- The bearish gap opened as prices break out of the pattern announces a fall.
Bristol-Myers Squibb is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products. The company's products are sold worldwide, primarily to wholesalers, specialty distributors, retail pharmacies, hospitals, government entities and the medical profession. The company manufactures products in the United States and Puerto Rico and has manufacturing operations in two foreign countries. The company has products in the following therapeutic classes: hematology, oncology, cardiovascular and immunology. The company's pharmaceutical products include chemically-synthesized or small molecule drugs and products produced from biological processes, called biologics.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.