Bristol-Myers Squibb: the rebound fades, bearish pressure returns

Bristol-Myers Squibb is at week 13 of a sell signal. The 2-week technical rebound in the 54 area closed without follow-through: the latest week recorded a 5.5% drop with sellers at 85%, bringing the picture back in line with the signal's direction. The trade is showing a gain of 6.05% since entry.