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After Yesterday's Rally of 1.74% Shares Could Potentially Pullback

By Amy Schwartz

Bristol-Myer Sqb (NYSE:BMY) traded in a range yesterday that spanned from a low of $57.28 to a high of $57.94. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $57.85 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Bristol-Myer Sqb have traded between a low of $42.48 and a high of $59.18 and are now at $57.93, which is 36% above that low price. The 200-day and 50-day moving averages have moved 0.26% higher and 1.05% higher over the past week, respectively.

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: rebounders bristol-myer sqb

Ticker(s): BMY