Bristol-Myers Squibb may rise to 55.90 - 57.90

Our pivot point stands at 46.2.

Our preference

As long as 46.2 is support look for 55.9.

Alternative scenario

Below 46.2, expect 42.8 and 40.7.

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 above its 20 and 50 day moving average (respectively at 47.958 and 44.0876).

Supports and resistances

60 **

57.9 *

55.9 **

53.8

48.98 (USD-last)

47.6

46.2 **

42.8 *

40.7 **

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