Bristol Myers (BMY) Offering Possible 5.04% Return Over the Next 9 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 $47.50 short call and a strike $52.50 long call offers a potential 5.04% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $47.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $52.50 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 at 31.4 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

3:42 pm Bristol-Myers: U.S. Court of Appeals denies appeal in Baraclude patent case
Thu, 12 Jun 2014 19:42:00 GMT

U.S. Court of Appeals Denies Appeal in Baraclude Patent Case
Thu, 12 Jun 2014 19:41:00 GMT
Business Wire – Bristol-Myers Squibb Company today announced that the U.S. Court of Appeals for the Federal Circuit has denied the company’s appeal of a February 2013 ruling by the U.S. District Court for the District of Delaware that found the patent covering Baraclude , U.S.

Bristol-Myers hepatitis B drug patent ruled invalid by appeals court
Thu, 12 Jun 2014 15:08:47 GMT

Why Big Pharma Has No Interest In Achillion's ‘Me Too' Hepatitis C Drug
Thu, 12 Jun 2014 12:30:00 GMT

Lightning Round: Bristol-Myers, Safeway & more
Wed, 11 Jun 2014 22:50:04 GMT

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