BRISTOL MEYERS SQUIBB - BMY
Monthly chart shows price has been in consolidation range since 2002.
Weekly chart shows the stock found support off the $26.50 level, but seems to find resistance at the $30 area.
Daily chart shows price to be stuck in a small trading range with resistance currently at the $30 area. Thursday brought out the sellers, who gapped down the price at the open and sold into the close. Friday saw some early buyers stepping in at the open, but were met with strong selling. Look for continued weakness and a test of the $26 area low and lower.
Sunday, November 04, 2007
BMY Analysis for 11.04.2007
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