BMY what kind of pattern(s) is this?Just an idea about BMY. Is this a "cup with handle" or "island reveresal?" or "rounding bottom"? Actually is out and close to going up (if patterns are right).
In RED: rounding bottom
in GREEN: cup with handle
what do you think about BMY? I have find no ideas to compare my points of view, thank in advance for feedback!
Bristol
Bristol Myers Squibb coming up on important support.Technically Speaking
As you can see from the chart, the 47.50ish level seems to be a good source of demand, at least in the past and looks like a good entry level for a long, stopping out somewhere below. Leave some wiggle room to account for volatility.
Fundamentals
Be aware, they announce earnings before the bell on 10/27 CST.
Looks like the big slide in the stock was sparked by a failed drug trial: www.nasdaq.com
Bristol Myers sports a div yield of 3.04%: www.google.com
Div history: www.nasdaq.com
As always, know why you are buying something.
Think for yourself.