• Return to Headlines

Next Support Level for Bristol-Myer Sqb (BMY) is $48.74

By Shiri Gupta

Shares of Bristol-Myer Sqb (NYSE:BMY) opened today below their pivot of $49.04 and have already reached the first level of support at $48.92. Analysts will be watching for a cross of the next downside pivot targets of $48.74 and $48.44.

In the past 52 weeks, Bristol-Myer Sqb share prices have been bracketed by a low of $44.30 and a high of $67.16 and are now at $48.90, 10% 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 0.3%.

Potential upside of 19.7% exists for Bristol-Myer Sqb, based on a current level of $48.90 and analysts' average consensus price target of $58.56. Bristol-Myer Sqb shares should first meet resistance at the 50-day moving average (MA) of $50.19 and find additional resistance at the 200-day MA of $54.51.

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