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.
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 active:
Side3ways today. Full position held.
Comment:
Moving down in mid -week.