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Bearish Moving Average Cross by Boston Scientifc (BSX)

By David Diaz

Boston Scientifc (NYSE:BSX) shares have crossed bearishly below their 10-day moving average of $42.52 on a volume of 872K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Boston Scientifc share prices have been bracketed by a low of $31.56 and a high of $43.66 and are now at $42.37, 34% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Boston Scientifc on May 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.89. Since that recommendation, shares of Boston Scientifc have risen 12.5%. We continue to monitor BSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses boston scientifc

Ticker(s): BSX