Bristol Myers Offering Possible 7.76% Return Over the Next 25 Calendar Days

Bristol Myers's most recent trend suggests a bullish bias. One trading opportunity on Bristol Myers is a Bull Put Spread using a strike $48.00 short put and a strike $43.00 long put offers a potential 7.76% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $48.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $43.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Bristol Myers is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Bristol Myers is bullish.

The RSI indicator is at 68.52 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Bristol Myers

Bristol-Myers beats profit, sales forecasts
Wed, 23 Oct 2013 11:43:58 GMT
Reuters – Bristol-Myers Squibb Co reported better-than-expected quarterly earnings, fueled by strong sales of cancer and diabetes drugs, but stuck to its earlier full-year 2013 profit forecast. The company on Wednesday …

Bristol-Myers Squibb Reports Third Quarter 2013 Financial Results
Wed, 23 Oct 2013 11:30:00 GMT
Business Wire – Bristol-Myers Squibb Company today reported results for the third quarter of 2013 highlighted by the strong performance of key marketed products such as Yervoy, Orencia and Sprycel, the presentation of important clinical data for its immuno-oncology pipeline, and the presentation of key cardiovascular outcomes data for Onglyza®.

Bristol-Myers’s Profit Tops Estimates on Sales Growth
Wed, 23 Oct 2013 11:30:00 GMT
Bloomberg – Bristol-Myers Squibb Co. beat analysts’ third-quarter earnings and sales estimates as demand for the company’s cancer and arthritis drugs grew.

Q3 2013 Bristol-Myers Squibb Earnings Release – Before Market Open
Wed, 23 Oct 2013 11:08:13 GMT

InPlay: Bristol-Myers to present data on rheumatoid arthritis assets at ACR 2013 Annual Meeting
Tue, 22 Oct 2013 20:24:43 GMT

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