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Boston Scientific Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of Boston Scientific (NYSE:BSX) traded at a new 52-week high today of $24.10. This new high was reached on below average trading volume as 3.4 million shares traded hands, while the average 30-day volume is approximately 10.5 million shares.

Boston Scientific Corporation develops, manufactures, and markets minimally invasive medical devices. The Company's products are used in interventional cardiology, cardiac rhythm management, peripheral interventions, electrophysiology, neurovascular intervention, endoscopy, urology, gynecology and neuromodulation.

Boston Scientific share prices have moved between a 52-week high of $24.10 and a 52-week low of $14.18 and are now trading 69% above that low price at $24.00 per share. The 200-day and 50-day moving averages have moved 0.45% higher and 1.98% higher over the past week, respectively.

Based on a current price of $24.00, Boston Scientific is currently 13.1% above its average consensus analyst price target of $20.85. Boston Scientific shares have support at the 50-day moving average (MA) of $18.97 and additional support at the 200-day MA of $17.84.

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 31.9%. We continue to monitor BSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Boston SCientific

Ticker(s): BSX