BMY sets sights on the 70s level
Healthcare and Bio stocks have been slowly creeping up the past few weeks. BMY has been eyeing the 70 level and I believe we will see it touch within the next few weeks. They recently had a cancer drug FDA approved: finance.yahoo.com/news/bristol-myers-bmy-car-t-142702968.html
Technicals:
- RSI level over 50 on the daily
- Positive MACD on the daily and is curling upwards
- OBV is rising with price
- Brief drop to the 9EMA on the major red day 8/19, only to bounce back up hard and with volume
- Closed 8/20 at 69.20, over the previous impulsive move to 68.99
- Weekly Chart (not pictured) is a bullish engulfing breakout candle
Option Volume is incredibly bullish leaning
https://gyazo.com/04c6da25b56027e068263cd7d4cc957e
Technicals:
- RSI level over 50 on the daily
- Positive MACD on the daily and is curling upwards
- OBV is rising with price
- Brief drop to the 9EMA on the major red day 8/19, only to bounce back up hard and with volume
- Closed 8/20 at 69.20, over the previous impulsive move to 68.99
- Weekly Chart (not pictured) is a bullish engulfing breakout candle
Option Volume is incredibly bullish leaning
https://gyazo.com/04c6da25b56027e068263cd7d4cc957e
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