Bristol-Myers Squibb may rise to 46.00 - 47.10

40.2 is our pivot point.

Our preference

Our next up target stands at 46.

Alternative scenario

The downside breakout of 40.2 would call for 38.5 and 37.4.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 41.3035 and 41.9066).

Supports and resistances

48.2 **

47.1 *

46 **

45

42.64 (USD-last)

40.9

40.2 **

38.5 *

37.4 **

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