BMY- a large cap pharm loosing market cap SHORT

BMY is here on the daily chart. The double top and death cross of the EMA moving averages

makes for a strong candidate to short with shares or take put options. A comparsion of the

most recent earnings report with the previous one sixty days earlier tells most of the story.

The dual time frame RSI indicator shows ongoing wekaness. I will short BMY here and take some

call options as well. I am in LLY long in a big position. This will be a race in opposite directions

for two large cap pharmaceuticals.

Trade aktif:

Side3ways today. Full position held.

Komentar:

Moving down in mid -week.

Komentar:

lower still. Full position held.