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Boston Scientifc (BSX) Breaks Through Support at $38.27

By Amy Schwartz

Shares of Boston Scientifc (NYSE:BSX) opened today below their pivot of $38.58 and have already reached the first level of support at $38.27. Investors may be interested in a cross of the next downside pivot targets of $37.93 and $37.28.

Boston Scientifc share prices have moved between a 52-week high of $43.84 and a 52-week low of $31.56 and are now trading 21% above that low price at $38.09 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has risen 0.2%.

Boston Scientifc (NYSE:BSX) defies analysts with a current price ($38.09) 14.5% above its average consensus price target of $32.57. The stock should find initial resistance at its 200-day moving average (MA) of $39.55 and further resistance at its 50-day MA of $41.88.

SmarTrend is tracking the current trend status for Boston Scientifc and will alert subscribers who have BSX in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts boston scientifc

Ticker(s): BSX