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Is BMY preparing to trend lower? 20 Day Moving Average Resistance shows up after gaining 0.71%
BMY closed up 0.71% on Thursday, June 25th, with volume running 1.1× above average. Multiple bearish signals emerged — 20 DMA Resistance and Non-ADX 1,2,3,4 Bearish — suggesting potential weakness ahead. Key support levels exist at 54.88, 54.37 & 53.72, with resistance at 56.04, 56.69 & 57.2.
Current SwingTradeBot Technical Rating of BMY: C
This might just be the start. See what else showed up for BMY today.
Read full article here »