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Bristol-Myers Squibb Set to Possibly Pullback After Yesterday's Rally of 1.30%

By Amy Schwartz

Bristol-Myers Squibb (NYSE:BMY) traded in a range yesterday that spanned from a low of $54.32 to a high of $55.24. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $54.81 on volume of 2.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is monitoring the recent change of momentum in Bristol-Myers Squibb. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bristol-Myers Squibb in search of a potential trend change.

In the past 52 weeks, Bristol-Myers Squibb share prices have been bracketed by a low of $46.01 and a high of $77.12 and are now at $55.04, 20% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

Keywords: rebounders Bristol-Myers Squibb

Ticker(s): BMY