$BMY bouncing off long-term support (4/5)

Conviction: 4/5
might be better to buy when the stock goes over 1998 resistance


General Thesis
  • bouncing off of multi-cycle support (since 1974)
  • Weekly RSI showing sliiight bullish divergence


Growth
  • Margins quite low compared to own history
  • low growth


Value
  • very cheap
    • Fundamentals
      low debt/asset ratio and plenty of cash to deal with short term debts

      Potential Risks
      • expensive market...
      • long-term resistance around 76 since 1998
Chart PatternsTrend Analysis

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