Bristol-Myers Squibb may rise to 43.70 - 44.60

Our pivot point is at 38.6.

Our preference

Short term rebound towards 43.7.

Alternative scenario

The downside breakout of 38.6 would call for 37.2 and 36.3.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 41.391 and 44.075).

Supports and resistances

45.4 **

44.6 *

43.7 **

42.9

41.04 (USD-last)

39.1

38.6 **

37.2 *

36.3 **

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