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Next Resistance Level for Bristol-Myers Squibb (BMY) is $53.77

By Amy Schwartz

Shares of Bristol-Myers Squibb (NYSE:BMY) opened today above their pivot of $53.40 and have already reached the first level of resistance at $53.60. Should the shares continue to rise, the resistance pivots of $53.77 and $54.14 will be of interest.

Potential upside of 4.6% exists for Bristol-Myers Squibb, based on a current level of $53.54 and analysts' average consensus price target of $55.99. Bristol-Myers Squibb shares should first meet resistance at the 200-day moving average (MA) of $64.47 and find additional resistance at the 50-day MA of $66.29.

Bristol-Myers Squibb share prices have moved between a 52-week high of $77.12 and a 52-week low of $46.01 and are now trading 16% above that low price at $53.54 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Bristol-Myers Squibb and will alert subscribers who have BMY in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts Bristol-Myers Squibb

Ticker(s): BMY