BMY - 1 year chart. Can it break through major resistance?
Watching the present area of around $53.50 which has been major resistance on several occasions.
Need it to break through with above average volume. Recently crossed the 50-day MA. If it can't break through resistance, I am hoping that the 50-day is new support level.
Beaten down stock. At the very least, I believe that the worst days are behind us.
Need it to break through with above average volume. Recently crossed the 50-day MA. If it can't break through resistance, I am hoping that the 50-day is new support level.
Beaten down stock. At the very least, I believe that the worst days are behind us.
Komentarz:
Could not break resistance and 50-day was not new support level. Bounced right after hitting support around $48.50ish. Earnings this week so fundaments are in control.