Bristol-Myers Squibb may rise to 55.50 - 57.60

Our pivot point is at 44.8.

Our preference

As long as 44.8 is support look for 55.5.

Alternative scenario

Below 44.8, expect 41.4 and 39.4.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 46.3915 and 43.3268).

Supports and resistances

59.7 **

57.6 *

55.5 **

53.4

49.06 (USD-last)

46.2

44.8 **

41.4 *

39.4 **

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