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Boston Scientifc Crosses Below its 10-day MA (BSX)

By Nick Russo

Today, shares of Boston Scientifc (NYSE:BSX) have crossed bearishly below their 10-day moving average of $41.26 on a volume of 1.4 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.

Boston Scientifc share prices have moved between a 52-week high of $42.40 and a 52-week low of $31.56 and are now trading 30% above that low price at $40.94 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

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 10.1%. 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