Technical Outlook for GILD & BMY

Member @Ruben asked for my opinion on BMY (Bristol-Myers Squibb) and GILD (Gilead Sciences) in the trading room & as there are some pretty clear technical developments on both, I figured it would be worth sharing the charts for anyone else interested. In fact, as these two companies are in closely related and somewhat overlapping [...]

Jan 3, 2017 4:15pm|Categories: Equity Market Analysis|Tags: , |4 Comments

BMY Price Target Hit For An 8.7% Gain

BMY (Bristol-Myers Squibb Co) gapped down below the T1 level to open at 57.99 yesterday, where any standing BTC limit order would have filled, thus providing an 8.7% gain from Thursday's short entry on the backtest of the pattern (target hit in under 3 trading sessions). Consider booking full profits as this was the final [...]

Aug 25, 2015 9:53am|Categories: Completed Trades - Short|Tags: |Comments Off on BMY Price Target Hit For An 8.7% Gain

Shorting BMY

Shorting BMY (Bristol-Myers Squibb) here following the recent breakdown & backtest with a sole target of 58.20 & suggest stop over 64.80. BMY daily Aug 20th

Aug 20, 2015 10:11am|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting BMY