Bristol Myers Offering Possible 12.36% Return Over the Next 18 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 12.36% return on risk over the next 18 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 $0.55 would be kept by the premium seller. The risk of $4.45 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 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

[$$] Generics Plan Threatens French Jobs, Bristol-Myers Warns
Wed, 05 Feb 2014 04:13:09 GMT
The Wall Street Journal – Bristol-Myers Squibb threatened to cut jobs at two French plants after the government said it planned to seek wider use of cheaper generics.

AbbVie's Challenge to Gilead in Hepatitis C Therapies
Tue, 04 Feb 2014 19:31:58 GMT
Motley Fool – New clinical data from AbbVie spice up hepatitis C market and prospects for the company

Newport, Target, AVEO Pharmaceuticals, Astellas Pharma and Bristol-Myers Squibb highlighted as Zacks Bull and Bear of the Day
Mon, 03 Feb 2014 12:12:05 GMT
Zacks – Newport, Target, AVEO Pharmaceuticals, Astellas Pharma and Bristol-Myers Squibb highlighted as Zacks Bull and Bear of the Day

Bristol-Myers Squibb Completes Previously Announced Sale of Global Diabetes Business to AstraZeneca
Mon, 03 Feb 2014 08:43:11 GMT
noodls – NEW YORK–(BUSINESS WIRE)–Bristol-Myers Squibb Company (NYSE:BMY) today announced that it has completed the previously announced sale of its global diabetes business to AstraZeneca. … This is an abstract …

AstraZeneca completes the acquisition of Bristol-Myers Squibb share of global diabetes alliance
Mon, 03 Feb 2014 07:59:42 GMT
noodls – AstraZeneca today announced that it completed, on 1 February 2014, the acquisition of the entirety of Bristol-Myers Squibb's interests in the companies' diabetes alliance. … This is an abstract of the …

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