- Alibaba is trending down and might signal a change of direction
- Bristol Myers Squibb's upper Bollinger Band® is at $81.7 which indicates a further downward move may follow.
Technical analysis shows that Aflac Inc is eyeing the $67.09 support line. Trend-focused traders would be interested to note that $67.66 marks the crossover point where Aflac price action falls below its 3 day Simple Moving Average. According to momentum evaluation, the Relative Strength Index indicates Aflac is in an overbought condition.
For the time being, Aflac remains flat without a clear direction.
Alibaba made an initial foray below its 10 day Simple Moving Average around $66.51. In contrast, bearish run for Alibaba is facing a possible turning point at $65.12, which is only 28 cents away. If this support line fails to hold, the next target will be at $62.47.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Alibaba to extend its recent losses.
A study of Bristol Myers Squibb's chart reveals various key levels to watch: Bristol Myers Squibb is eyeing the $79.08 support line. Concerning technical analysis and more specifically, trend indicators, Bristol Myers Squibb's CCI indicator is above +100. Momentum evaluation shows that the Relative Strength Index indicates Bristol Myers Squibb is in an overbought condition. According to asset volatility analysis, Bristol Myers Squibb's upper Bollinger Band® is at $81.7 which indicates a further downward move may follow.
For the time being, Bristol Myers Squibb remains flat without a clear direction.
Fundamental indicators – United States Crude Oil Inventories improved upon its previous reading of -3.12 million with a new data release of 3.92 million.
Upcoming fundamentals: United States Consumer Price Index is expected today at 13:30 UTC.