Bristol Myers (BMY) Offering Possible 16.82% Return Over the Next 32 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 16.82% return on risk over the next 32 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 $0.72 would be kept by the premium seller. The risk of $4.28 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 24.97 level which suggests that the stock is neither overbought nor oversold at this time.

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Boehringer 2013 profit up on Pradaxa sales, cost cuts
Tue, 15 Apr 2014 10:05:28 GMT
Reuters – INGELHEIM, Germany, April 15 (Reuters) – German drugmaker Boehringer Ingelheim's operating income rose 14 percent last year as cost cuts and sales of anti-blood-clotting drug Pradaxa helped counter the impact of currency effects, it said on Tuesday. Germany's second largest drugmaker said sales of Pradaxa, which competes with Bayer and Johnson & Johnson's Xarelto as well as Bristol Myers-Squibb and Pfizer's Eliquis, jumped to 1.2 billion euros ($1.66 billion) in its third year of market approval. The German group's full-year operating income rose 14 percent to 2.1 billion euros last year while sales fell 4.3 percent to 14.1 billion euros. U.S. courts are scheduled to start hearing cases against Boehringer Ingelheim over Pradaxa in August, the drugmaker has said.

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