Bristol-Myers Squibb may rise to 55.90 - 57.00

Our pivot point stands at 50.6.

Our preference

As long as 50.6 is support look for 55.9.

Alternative scenario

Below 50.6, expect 48.8 and 47.7.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 51.473 and 49.7292).

Supports and resistances

58 **

57 *

55.9 **

54.8

52.2 (USD-last)

51.3

50.6 **

48.8 *

47.7 **

Number of asterisks represents the strength of support and resistance levels.