Bristol Myers (BMY) Offering Possible 19.33% Return Over the Next 17 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 $49.50 short call and a strike $54.50 long call offers a potential 19.33% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $49.50 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 $54.50 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 below 20 which suggests that the stock is in oversold 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

Bristol-Myers Squibb’s Strong Oncology Segment
Mon, 30 Jan 2017 20:05:44 GMT

Bristol-Myers Squibb Continued Growth in 4Q16
Mon, 30 Jan 2017 18:35:57 GMT

Assessing Bristol-Myers Post-Earnings Valuation
Mon, 30 Jan 2017 17:15:00 GMT

11:51 am Bristol-Myers showing relative strength as price lifts back above Friday's “inside” high along 48.62…
Mon, 30 Jan 2017 16:51:00 GMT

Bristol-Myers Squibb: 4Q16 Earnings Show Growth
Mon, 30 Jan 2017 16:45:20 GMT

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