Bristol-Myers Squibb Crosses Below its 10-day MA (BMY)
Today, shares of Bristol-Myers Squibb (NYSE:BMY) have fallen below their 10-day MA of $75.63 on a volume of 2.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Bristol-Myers Squibb share prices have been bracketed by a low of $51.82 and a high of $77.12 and are now at $74.92, 45% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.
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 15.5%. 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