Real Time Report for Bristol-Myers Squibb Co (NYSE:BMY)
Shares of Bristol-Myers Squibb Co (NYSE:BMY) have declined from longer-term resistance and are now slightly below longer term support levels according to our real time trading report for BMY.
Stock Traders Daily has therefore removed its sell rating and no longer rates shares of BMY a sell.
The stock is in the process of testing longer term support as we have defined that in our real time trading report for BMY, and the successful or unsuccessful test of support is yet to be determined. We are monitoring the stock closely and will update our report regularly.
However, the progression from resistance to support has satisfied the downside channel we identified profitably.
Monitor the real time trading report for BMY here: REAL TIME TRADING REPORT FOR BMY