Bristol Myers (BMY) Offering Possible 13.9% Return Over the Next 31 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 $50.00 short call and a strike $55.00 long call offers a potential 13.9% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.61 would be kept by the premium seller. The risk of $4.39 would be incurred if the stock rose above the $55.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Bristol Myers is bearish and the probability of a decline 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 44.71 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

1 Breakthrough, 3 Beneficiaries: AbbVie Inc., Bristol Myers Squibb Co., and Celgene Corporation
Wed, 21 May 2014 22:31:57 GMT

Gilead sees new pushback over price of hepatitis C drug
Wed, 21 May 2014 15:09:44 GMT

Gilead sees new pushback over price of hepatits C drug
Wed, 21 May 2014 14:58:03 GMT

[$$] Two Biotechs Mastering Their Domains
Wed, 21 May 2014 14:56:00 GMT

Is Bristol-Myers Squibb's Dividend Unbeatable?
Wed, 21 May 2014 12:02:07 GMT

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