Bristol Myers (BMY) Offering Possible 11.56% Return Over the Next 22 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 $52.50 short put and a strike $47.00 long put offers a potential 11.56% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.93 would be incurred if the stock dropped below the $47.00 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 at 65.2 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

A Look at Bristol-Myers Squibb’s Other Segments in 1Q17
Wed, 26 Apr 2017 14:37:52 +0000
Bristol-Myers Squibb’s (BMY) other segments include the Neuroscience segment, the Cardiovascular segment, and the Immuno-Science segment.

Bristol-Myers Squibb’s 1Q17 Estimates: Virology Segment
Wed, 26 Apr 2017 13:09:06 +0000
The Virology segment is Bristol-Myers Squibb’s (BMY) second-largest revenue contributor. The segment contributes ~25% of the company's total revenue.

Pharma Stocks Q1 Earnings Roster for Apr 27: CELG, ABBV, BMY
Wed, 26 Apr 2017 12:04:12 +0000
Celgene, AbbVie and Bristol-Myers Squibb are expected to report earnings on Apr 27.

Moody's: Outlook for global pharmaceuticals industry stable on low earnings growth, new product launches
Wed, 26 Apr 2017 08:21:05 +0000
Announcement: Moody's: Outlook for global pharmaceuticals industry stable on low earnings growth, new product launches. Global Credit Research- 26 Apr 2017. New York, April 26, 2017– The outlook for the …

[$$] Aquinnah Pharmaceuticals Taps Pfizer, AbbVie for $10 Million
Wed, 26 Apr 2017 02:07:01 +0000
A trio of pharmaceutical companies is financing an effort by Aquinnah Pharmaceuticals Inc. to use a new approach to tackling neurological diseases that have long frustrated drugmakers.

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