BMY Hits 52-Week High in Stage 2 Uptrend, All 8 Trend Checks Pass

Posted on by Eben@CANSLIM Research
BMY daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research
Eben@CANSLIM Research's avatarEben@CANSLIM Research

Bristol-Myers Squibb (BMY) closed at $67.61 on August 19, 2026, marking a fresh 52-week high with price holding firmly above a rising 30-week moving average. The stock is in a clear Stage 2 advancing trend, passing all eight technical trend-template checks, including price above key moving averages and a strong relative strength line near its three-month peak.

With no base formation needed at these highs and a shallow recent pullback of just 2.4% after a 15.7% run, the market is focused on continued momentum rather than consolidation. The overall sentiment is bullish, reflecting an offensive setup with no signs of distribution or faulty price action.

Technical Analysis

As of 2026-08-19 · Close $67.61

Stage Analysis

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 3.28%)

Detected Patterns — What the Market Is Watching

  • No actionable pattern detected at this time.

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