Healthcare and Bio stocks have been slowly creeping up the past few weeks. BMY has been eyeing the 70 level and I believe we will see it touch within the next few weeks. They recently had a cancer drug FDA approved: finance.yahoo.com/news/bristol-myers-bmy-car-t-142702968.html
Technicals:
- RSI level over 50 on the daily - Positive MACD on the daily and is curling upwards - OBV is rising with price - Brief drop to the 9EMA on the major red day 8/19, only to bounce back up hard and with volume - Closed 8/20 at 69.20, over the previous impulsive move to 68.99 - Weekly Chart (not pictured) is a bullish engulfing breakout candle
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