Monday, January 23, 2012

Bristol-Myers Squibb - BMY - sell signals

This morning I deleted Bristol-Myers Squibb - BMY - from the Barchart Van Meerten New High portfolio for negative price momentum:


Barchart technical indicators:
  • 40% Barchart short term technical sell signal
  • Trend Spotter sell signal
  • Below its 20 and 50 day moving average but still above its 100 day moving average
  • 7.82% off its 1 year high
  • Relative Strength Index 35.44% and falling
  • Barchart computes a technical support level at 32.35

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