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Bristol-Myer Sqb (BMY) Crosses Pivot Point Resistance at $53.33

By James Quinn

Shares of Bristol-Myer Sqb (NYSE:BMY) opened today above their pivot of $53.16 and have already reached the first level of resistance at $53.33. Investors may be interested in a cross of the next upside pivot targets of $53.54 and $53.92.

In the past 52 weeks, Bristol-Myer Sqb share prices have been bracketed by a current low of $0.00 and a high of $70.05 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

There is potential upside of 0.0% for shares of Bristol-Myer Sqb based on a current price of $0.00 and an average consensus analyst price target of $58.56. Bristol-Myer Sqb shares should first meet resistance at the 50-day moving average (MA) of $53.75 and find additional resistance at the 200-day MA of $60.80.

SmarTrend recommended that its subscribers protect gains by selling shares of Bristol-Myer Sqb on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $63.00. Since that call, shares of Bristol-Myer Sqb have fallen 15.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts bristol-myer sqb

Ticker(s): BMY