Bristol-Myers Squibb Co.(BMY) has rising momentum with an uptrend

(29-Apr-2008) (29-Apr-2008) Bristol-Myers Squibb Co.(BMY) closed at 21.92, down -0.24 or -1.08 % today. Based on our analysis, Bristol-Myers Squibb Co.(BMY) has rising momentum with an uptrend.

The closing price of Bristol-Myers Squibb Co.(BMY) is above its 50 day moving average of 21.91 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Bristol-Myers Squibb Co.(BMY) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 20-Mar-2008, about 29 trading days ago.