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

By Amy Schwartz

Boston Scientific (NYSE:BSX) crossed under its 10-day moving average of $23.81 on a volume of 1.1 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.

Over the past year, Boston Scientific has traded in a range of $14.18 to $24.45 and is now at $23.67, 67% above that low. The 200-day and 50-day moving averages have moved 0.45% higher and 1.98% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Boston Scientific on March 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.01. Since that recommendation, shares of Boston Scientific have risen 33.2%. 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