Bristol-Myers Squibb may rise to 43.90 - 44.60

Our pivot point stands at 39.8.

Our preference

Short term rebound towards 43.9.

Alternative scenario

Below 39.8, expect 38.5 and 37.8.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 42.3675 and 45.7562).

Supports and resistances

45.4 **

44.6 *

43.9 **

43.1

41.48 (USD-last)

40.3

39.8 **

38.5 *

37.8 **

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