• Return to Headlines

Bearish Moving Average Cross by Boston Scientific (BSX)

By Amy Schwartz

Today, shares of Boston Scientific (NYSE:BSX) have fallen below their 10-day MA of $27.56 on a volume of 1.6 million 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 Scientific share prices have been bracketed by a low of $14.18 and a high of $28.20 and are now at $27.38, 93% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.0%.

SmarTrend recommended that subscribers consider buying shares of Boston Scientific on December 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.78. Since that recommendation, shares of Boston Scientific have risen 27.7%. We continue to monitor BSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Boston SCientific

Ticker(s): BSX