Bristol-Myers Squibb may rise to 43.70 - 44.60

Our pivot point is at 39.2.

Our preference

Short term rebound towards 43.7.

Alternative scenario

The downside breakout of 39.2 would call for 37.8 and 37.

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 41.102 and 42.1128).

Supports and resistances

45.4 **

44.6 *

43.7 **

42.9

40.46 (USD-last)

39.8

39.2 **

37.8 *

37 **

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