Bristol-Myers Squibb may rise to 44.50 - 45.30

Our pivot point stands at 39.6.

Our preference

Short term rebound towards 44.5.

Alternative scenario

Below 39.6, expect 38.2 and 37.4.

Comment

The RSI is below 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 41.733 and 44.699).

Supports and resistances

46.2 **

45.3 *

44.5 **

43.6

41.2 (USD-last)

40.2

39.6 **

38.2 *

37.4 **

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