Bristol-Myers Squibb Bearish Moving Average Crossover Alert (BMY)
Bristol-Myers Squibb (NYSE:BMY) crossed under its 10-day moving average of $71.91 on a volume of 976K 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.
In the past 52 weeks, shares of Bristol-Myers Squibb have traded between a low of $51.82 and a high of $75.12 and are now at $71.65, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.06% higher and 1.01% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Bristol-Myers Squibb on April 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $66.20. Since that recommendation, shares of Bristol-Myers Squibb have risen 9.7%. We continue to monitor BMY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Bristol-Myers Squibb