Trading (BMY) With Integrated Risk Controls
August 31, 2024, 17:54 pm ET, BY Randall S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BMY
- Buy BMY slightly over 47.92 target n/a stop loss @ 47.78. Details
The technical summary data tells us to buy BMY near 47.92, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 47.78 to protect against excessive loss in case the stock begins to move against the trade. 47.92 is the first level of support below 49.95, and by rule, any test of support is a buy signal. In this case, if support 47.92 is being tested, a buy signal would exist.
- NONE . Details
NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.
Swing Trading Plans for BMY
- Buy BMY slightly over n/a, target n/a, Stop Loss @ 0 Details
If n/a begins to break higher, the technical summary data tells us to buy BMY just slightly over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 49.95, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BMY slightly near n/a, target 49.83, Stop Loss @ 0. Details
The technical summary data is suggesting a short of BMY if it tests n/a with a downside target of 49.83. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for BMY
- Buy BMY slightly over 50.61, target n/a, Stop Loss @ 50.49 Details
If 50.61 begins to break higher, the technical summary data tells us to buy BMY just slightly over 50.61, with an upside target of n/a. The data also tells us to set a stop loss @ 50.49 in case the stock turns against the trade. 50.61 is the first level of resistance above 49.95, and by rule, any break above resistance is a buy signal. In this case, 50.61, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short BMY slightly near 50.61, target 49.86, Stop Loss @ 50.73. Details
The technical summary data is suggesting a short of BMY if it tests 50.61 with a downside target of 49.86. We should have a stop loss in place at 50.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 50.61, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Bristol-myers Squibb Company (BMY) available here: BMY.
BMY Ratings for August 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Weak |
| P1 |
0 |
0 |
38.48 |
| P2 |
49.86 |
48.03 |
43.07 |
| P3 |
50.61 |
49.83 |
47.92 |
AI Generated Signals for BMY
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
Price matters most to #makingmoney in the #stockmarket. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Bristol-myers Squibb Company (NYSE: BMY) report below can help you, but we have more details too. The trading plans for BMY, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Fundamental Charts for BMY:
pool ads
