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After Yesterday's Rally of 2.06% Shares Could Potentially Pullback

By Nick Russo

Boston Scientifc (NYSE:BSX) traded in a range yesterday that spanned from a low of $24.84 to a high of $25.38. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $25.30 on volume of 3.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Boston Scientifc share prices have moved between a 52-week high of $29.93 and a 52-week low of $19.67 and are now trading 29% above that low price at $25.32 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.0%.

SmarTrend recommended that its subscribers protect gains by selling shares of Boston Scientifc on October 31st, 2017 by issuing a Downtrend alert when the shares were trading at $28.05. Since that call, shares of Boston Scientifc have fallen 11.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders boston scientifc

Ticker(s): BSX