I gather you're looking to trade the stock for a quick profit?
I still own a very small stake the result of a previous investment I took in the stock at much lower prices so I still follow it and occasionally sell put options against it when an opportunity presents itself.
You'll note that their dividend payout ratio is about 65% and their earnings and dividend grwoth rate are rather anemic. They're dividend was 31 cents per quarter in Jan of 2008, today it's only 35 cents. LO pays out 70% of its earnings via a dividend that yields 30% more than BMY and yet it still manages to grow its earnings at double digit rates.
With BMY priced around 42-43 I think there's too much downside risk to interest me but under 40 and I may take a look.