Eleven weeks into the decline, but cracks appear
Bristol-Myers Squibb: sell signal loses momentum at week 11
Eleven weeks into the decline, but cracks appear
In Summary
Bristol-Myers Squibb is at week 11 of a sell signal. The latest week closes nearly flat, but with buyers at 85% and a double bottom in the 55 area showing an 11% rebound: the bearish front is showing early signs of exhaustion. The picture remains under close observation.
Ongoing decline
·11th week from start
·US stocks
·T2
IQS Phase
55
ordinary
Signal Strength
27
indecisive week
Sizing
MINIMUM
Ranking
#78 / 96
US stocks
Trade P&L %
+0.37%
from signal to today
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