Bristol-Myers Squibb may rise to 44.10 - 45.00

Our pivot point is at 39.2.

Our preference

Short term rebound towards 44.1.

Alternative scenario

Below 39.2, expect 37.7 and 36.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 41.6245 and 42.9572).

Supports and resistances

45.9 **

45 *

44.1 **

43.2

40.45 (USD-last)

39.8

39.2 **

37.7 *

36.9 **

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