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Friday, July 12, 2013

BMY Update (07-12-13)

OK so at this point I would have realistically left the trade a long time ago, however I am still tracking BMY just to see if my prediction of it going back down will come to fruition.

Glancing at the chart below (thank you Think or Swim!) it looks like the recent up move is stopping, and it looks like it's stopping on a down-trend resistance line.  I don't have one drawn on this chart, but just connect the tops of the candlesticks and you'll see it...


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