Bristol Myers (BMY) Offering Possible 6.61% Return Over the Next 12 Calendar Days

Bristol Myers's most recent trend suggests a bullish bias. One trading opportunity on Bristol Myers is a Bull Put Spread using a strike $58.00 short put and a strike $53.00 long put offers a potential 6.61% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $58.00 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock dropped below the $53.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Bristol Myers is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Bristol Myers is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Bristol Myers

Merck Down On Hepatitis C Data; Gilead Rises
Mon, 10 Nov 2014 16:14:00 GMT

Bristol-Myers Squibb Foundation Awards $2 Million in New Grants to Help Veterans and their Families Transition from Military to Civilian Life
Mon, 10 Nov 2014 14:26:32 GMT
noodls – Sesame Workshop, The Mission Continues and Tragedy Assistance Programs for Survivors receive support to provide innovative community-based solutions for veterans,military families and caregivers “For …

Bristol-Myers Squibb Foundation Awards $2 Million in New Grants to Help Veterans and their Families Transition from Military to Civilian Life
Mon, 10 Nov 2014 14:00:00 GMT
Business Wire – As America prepares to salute the nation’s military veterans for their service and sacrifice, the Bristol-Myers Squibb Foundation today marked Veterans Day by announcing more than

1:48 am Bristol-Myers Phase 3 UNITY and ALLY trials demonstrate high cure rates for investigational, all-oral daclatasvir TRIO fixed-dose combination in Genotype 1 Hepatitis C Patients
Mon, 10 Nov 2014 06:48:00 GMT

Phase 3 UNITY Trials Demonstrate High Cure Rates for Investigational, All-Oral Daclatasvir TRIO Fixed-Dose Combination in Genotype 1 Hepatitis C Patients, Including Those with Cirrhosis
Sat, 08 Nov 2014 14:30:40 GMT
noodls – Daclatasvir TRIO achieves 98% cure rate in treatment-naïve and 93% cure rate in treatment-experienced genotype 1 patients with cirrhosis when used with ribavirin, as shown in UNITY 2 12-week, all-oral …

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