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Bristol-Myer Sqb Set to Possibly Pullback After Yesterday's Rally of 2.26%

By David Diaz

Bristol-Myer Sqb (NYSE:BMY) traded in a range yesterday that spanned from a low of $51.22 to a high of $51.95. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $51.19 on volume of 5.0 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 $63.69 and are now at $51.93, which is 22% 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-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