Bristol Myers (BMY) Offering Possible 19.33% Return Over the Next 21 Calendar Days

Bristol Myers's most recent trend suggests a bearish bias. One trading opportunity on Bristol Myers is a Bear Call Spread using a strike $59.50 short call and a strike $64.50 long call offers a potential 19.33% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $59.50 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $4.19 would be incurred if the stock rose above the $64.50 long call 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 down which suggests that the medium-term momentum for Bristol Myers is bearish.

The RSI indicator is at 30.24 level which suggests that the stock is neither overbought nor oversold at this time.

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

Lung cancer doctors eye Merck's Keytruda over Bristol's Opdivo
Thu, 25 Aug 2016 22:08:15 GMT

Lung cancer doctors eye Merck's Keytruda over Bristol's Opdivo
Thu, 25 Aug 2016 22:08:15 GMT

How Did Bristol-Myers Squibb Fare in 2Q16?
Wed, 24 Aug 2016 15:04:05 GMT

Bristol-Myers Squibb and Pfizer to Present New Eliquis (apixaban) Analyses at ESC Congress 2016
Tue, 23 Aug 2016 12:08:04 GMT
noodls – Bristol-Myers Squibb Company(link is external)(NYSE: BMY) and Pfizer Inc.(NYSE: PFE) announced today that 19 abstracts (late-breaking, rapid-fire, oral and poster presentations) will be presented at ESC …

Bristol-Myers Squibb and Pfizer to Present New Eliquis (apixaban) Analyses at ESC Congress 2016
Tue, 23 Aug 2016 11:08:03 GMT
noodls – PRINCETON, N.J. & NEW YORK–(BUSINESS WIRE)–Bristol-Myers Squibb Company (NYSE: BMY) and Pfizer Inc. (NYSE: PFE) announced today that 19 abstracts (late-breaking, rapid-fire, oral and poster presentations) …

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