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Bullish Moving Average Cross by Bristol-Myers Squibb (BMY)

By Shiri Gupta

Today, shares of Bristol-Myers Squibb (NYSE:BMY) have crossed bullishly above their 10-day moving average of $54.08 on a volume of 1.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Bristol-Myers Squibb have traded between a low of $46.01 and a high of $77.12 and are now at $54.19, which is 18% 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 is tracking the current trend status for Bristol-Myers Squibb and will alert subscribers who have BMY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Bristol-Myers Squibb

Ticker(s): BMY