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Bristol-Myers Squibb Co - 4 Hourly

By Minipip
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The company is expected to release its quarterly earnings today, both indicators are positve but a weak report may affect the stock and its share price.

From a technical outlook, the stock’s share price is currently trading at $72.77. Towards the upside, the first resistance level sits at $72.12 followed by a major resistance level at $73.57. A break above the major resistance could see the stock’s share price rise towards the $75-$76 price range. However, towards the downside, the first support level sits at $72.12 followed by a further support base at $71.50. A break below the $71.50 support may see the share price slide towards the $69-$70 price mark, which is approximately where the green trendline is based on the chart. Looking at the indicators, MACD is positive and RSI reads 61, both positive.  

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