Bristol Myers Squibb (BMY) Crossed Above the 200-Day Moving Average: What That Means for Investors
Bristol-Myers Squibb(BMY) ZACKS·2024-08-02 22:32
From a technical perspective, Bristol Myers Squibb (BMY) is looking like an interesting pick, as it just reached a key level of support. BMY recently overtook the 200-day moving average, and this suggests a long-term bullish trend.A useful tool for traders and analysts, the 200-day simple moving average helps determine long-term market trends for stocks, commodities, indexes, and other financial instruments. It moves higher or lower in conjunction with longer-term price performance, and serves as a support ...