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04-23-2007, 05:37 PM
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contributing website
 
Join Date: Oct 2006
Posts: 154
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Bristol-Myers Squibb (BMY) NYSE 4/16/2007
From Wall Street Trader's Column
BRISTOL-MYERS SQUIBB CO (BMY-NYSE): Technical Viewpoint: From a low of $25.89 on Feb 27, 2007 prices rallied, reaching a high of $27.46 on Mar 13, 2007. A decline saw prices pull back, reaching a low of $26.41 on Mar 16, 2007. Another rally saw prices penetrate resistance, closing 4/13/07 at $28.32. Technicals: MACD Index (MACD): A Buy Alert! was given on Dec 23, 2006 when the solid line crossed the dotted line to the upside. Support: Remains at $26.00. Resistance: Is at $28.82. Point & Figure: Reversed to the upside on Apr 9, 2007. A P&F upside reversal takes place at $26.00. Summary: Technical indicators have turned bullish. BUY! BRISTOL-MYERS SQUIBB CO (BMY-NYSE) @ $28.50 Stop: Use a protective stop of $26.50. BRISTOL-MYERS SQUIBB CO is currently trading @ $28.32 plus $0.77 on Apr 13, 2007. Price Objective: $39.50 Risk/Reward: $2.00 VS. $11.00 Today's Risk Reward Ratio: 5:1 
Last edited by Thierry Martin; 04-24-2007 at 11:39 AM. |
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