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Shares of Boston Scientifc Rise to a New 52-Week High

By Nick Russo

Shares of Boston Scientifc (NYSE:BSX) traded today at $37.58, breaking its 52-week high. So far today approximately 2.4 million shares have been exchanged, as compared to an average 30-day volume of 6 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 Scientifc (NYSE:BSX) is currently priced 13.1% above its average consensus analyst price target of $32.57. The stock should find initial support at its 50-day moving average (MA) of $34.24 and further support at its 200-day MA of $29.74.

Boston Scientifc share prices have moved between a 52-week high of $37.58 and a 52-week low of $24.54 and are now trading 53% above that low price at $37.49 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Boston Scientifc on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.73. Since that recommendation, shares of Boston Scientifc have risen 26.8%. 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 scientifc

Ticker(s): BSX