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Bristol-Myer Sqb (BMY) Breaks Through Resistance at $51.07

By Shiri Gupta

Shares of Bristol-Myer Sqb (NYSE:BMY) have bullishly opened above the pivot of $50.74 today and have reached the first resistance level of $51.07. Investors may be interested in a cross of the next upside pivot targets of $51.32 and $51.91.

Over the past year, Bristol-Myer Sqb has traded in a range of $42.48 to $63.69 and is now at $51.28, 21% above that low. The 200-day and 50-day moving averages have moved 0.04% higher and 0.96% higher over the past week, respectively.

Bristol-Myer Sqb has overhead space with shares priced $51.28, or 12.4% below the average consensus analyst price target of $58.56. The stock should find initial support at its 50-day moving average (MA) of $48.49 and further support at its 200-day MA of $47.94.

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: pivot alerts bristol-myer sqb

Ticker(s): BMY