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Chart of the Day: Bristol-Myers Squibb (BMY) | The Mesh Report

Chart of the Day: Bristol-Myers Squibb (BMY)

Christian Tharp, CMT July 29, 2020 Comments Off on Chart of the Day: Bristol-Myers Squibb (BMY)

Bristol-Myers Squibb (BMY – Get Rating) is trading sideways, within a range, and a rectangle pattern has formed that could lead to a breakout or breakdown sometime soon.

BMY discovers, develops, and markets drugs for various indications, such as cardiovascular, oncology, and immune disorders.

The company’s immuno-oncology drug, Opdivo, and its blood thinner, Eliquis, drive growth for the company’s profits. The label expansion of Opdivo should continue to boost revenue.

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