Bristol-Myers Squibb may rise to 45.70 - 46.60

Our pivot point is at 40.6.

Our preference

Short term rebound.

Alternative scenario

Below 40.6, expect 39.1 and 38.3.

Comment

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the share stands above its 20 day moving average (41.553) but below its 50 day moving average (43.528).

Supports and resistances

47.5 **

46.6 *

45.7 **

44.8

42.5 (USD-last)

41.1

40.6 **

39.1 *

38.3 **

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