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Bearish Moving Average Cross by Bristol-Myer Sqb (BMY)

By Shiri Gupta

Bristol-Myer Sqb (NYSE:BMY) crossed under its 10-day moving average of $46.93 on a volume of 1.3 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Bristol-Myer Sqb has traded in a range of $44.30 to $63.69 and is now at $46.76, 6% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Bristol-Myer Sqb and will alert subscribers who have BMY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses bristol-myer sqb

Ticker(s): BMY