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Bristol-Myers Squibb Company

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BMY trade ideas

Buy and Hold Signal + Bullish Pattern = High Probability TradeFor my buy and hold strategy: I look for BlueChip Dividend Payings Stocks that have traded down to 52-week lows and the long-term daily moving averages (200, 100, 50) are respective to one another in terms of height on the graph. For example, the 200 is at the top and the 50 is at the bottom. I then add the 10ema and once it crosses the 50 I look for an entry. I also add to my position once the 10ema crosses the 100. In addition to this signal BMY has also formed an inverse head and shoulders. For a swing trade I will look for a retest of the neckline at 57 with a stop below the right shoulder. If a flag pattern or doji form at the neck line I will enter with a much more aggressive stop. This is the setup: Trigger: 57 Stop: 54.01 Targets: 64.78 - 70.80 - 77 Since this is a buy and hold signal I will look to form cost-less collars with options strikes at the target areas
NYSE:BMYLong
by the_get_man
I'm Buying BMY Here...I love this trade. It is so pretty a girl like myself can easily fall in love. The risk versus reward is amazing as well with upside being 33% and downside being 7%. I bought 2,500 shares here. In addition, I love stocks that are like Old Faithful. They have been around forever, are not going anywhere and pay a great dividend. Yes please! I'll take 2,500! When this move begins, it really has not resistance until its target of $75. I have played this in the past and made great money and when the stock chart tells me, I play it again. It is screaming at me here. Enjoy! I post all of my trades where they are verified right here: verifiedinvesting.com
NYSE:BMYLong
by AnnabelleTrader
I am buying $BMY right here...I am buying 5,000 shares of Bristol-Myers Squibb Co (NYSE:BMY). Just last week the stock reported stellar earnings and jumped sharply higher. Since then, in a week biotech/pharma market, $BMY has slowly pulled back. This slow pullback is called bullish consolidation and is actually setting up to rocket higher. With the stock trading off 52 week lows, it is a low risk/higher reward trade. Add the bullish consolidation in and it is a no brainer as a buy. Want to get alerted when I buy stocks in real-time? Sign up to Verified Investing and follow me. Anytime I buy a stock/ETF, you will get an email. You can then opt-into the trade getting my exact entry price, target and stop. Joining Verified Investing is free, members only reward me (a Verified Trader) with a few Dollars IF they get big winning trade information.
NYSE:BMYLong
by jenny_rebekka
4
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.
NYSE:BMY
by CalebDismuke
Is this "shakeout"candle the buying candle for a turnaround?Swing Trade Preparation? After Bristol gapped down, the stock is trying to find a bottom - the down-dynamic increased- but we haven`t seen a countermove yet. I will illustrate how you could use that for a longtrade with a very ggood CRR. 1. Opening a longposition at the present Niveau is interesting because the RSI is still strong oversold and signs a possible upcoming long-Signal. The daily-candle also could be a bullish one.TP could be the 38,2 fibo @ 63.5 Furthermore, the stock is trading at a Level, which was already bought 5 times and the the uptrend-line is not far away. A normal correction up to the fibo 38,2 is thinkable- Here is also based the gaps bottomedge as a resistance.SL near below the support-Level @ 56.35 -> TP1 = GAPs bottom / 38,2 fibo @ 64.75/65.4 2. Reaching the gap would fool me to think about a "gap-close"-Play. Here you could open a second Long Position with TP: Gapclose 3. Trading below the illustrated supportlevel 64.75-65.4 will initiate a bigger midterm/longterm shortsignal resistances: 64.75 (gap) / 65.4 (38.2) 67.67 (0,5) / 64.94 (62,8) /58,08/56.09 (uptrend) / 56.35 / supports: 55.0/ 51.8 / 47.5 / 46.3 Comments are welcome - agree or disagree
NYSE:BMY
by The_Cannalyst
Spontaneous remission from a terminal prognosisBMY recently has had poor lung cancer treatment results and is getting sold off, movement compounded by Mercks recent promising results in the the same treatment field. Today was another huge down day, with a push past 3 standard deviations according to a 20 day closing Bollinger Band. Long because On Balance Volume has been improving while the price has been falling, and it might be at a short term reversal. In at 49.91 with a target of 5% or 52.40 from an anticipated short term correction tomorrow. Price is holding in this range with a low of 49.72, and high of 51.30 for the day.
NYSE:BMYLong
by LuckyDinAZ