Bristol-Myers Squibb may rise to 54.60 - 56.70

Our pivot point is at 43.8.

Our preference

The upside prevails as long as 43.8 is support.

Alternative scenario

Below 43.8, expect 40.5 and 38.6.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 45.035 and 42.7746).

Supports and resistances

58.7 **

56.7 *

54.6 **

52.6

46.5 (USD-last)

45.1

43.8 **

40.5 *

38.6 **

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