Feb 8, 2017

Bristol-Myers Squibb (BMY): Short-Term Bearish Bias

Bristol-Myers Squibb (BMY) is up 9 sessions in a row. 

  • there is a statistical bearish bias for the next one (0.25%) to three days (0.55%); 
  • the stock is below both the 50-day simple moving average and the 200-day simple moving average; 
  • note that "on average" does not mean "every single time";
  • you can check prior signals on $MPC, $PBR, $IP and $XLY on my Twitter;
If you are interested in developing a quantified trading approach you might be interested in reading my book.

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