• Return to Headlines

Watch for Bristol-Myer Sqb to Potentially Rebound After Falling 2.94% Yesterday

By David Diaz

Bristol-Myer Sqb (NYSE:BMY) traded in a range yesterday that spanned from a low of $48.99 to a high of $49.47. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $50.35 on volume of 15.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Bristol-Myer Sqb have traded between a low of $44.30 and a high of $68.22 and are now at $49.47, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.14% higher over the past week, respectively.

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

Keywords: rebounders bristol-myer sqb

Ticker(s): BMY