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Bristol Myers (BMY) Relative Strength, Bullish Consolidation

Bristol Myers (BMY) Relative Strength, Bullish Consolidation

by | May 9, 2022 | Chart SetUps

Bristol Myers (BMY) shares flagging in a multi-week range under $77.50 and the top of May value while showing relative strength. Shares moved back above the 8- and 21-EMA late in the week and a breakout move has room to run to $82-$83. RSI has pulled back and MACD starting to show signs of an inflection higher with plenty of room to run.