Boston Scientific (BSX) Breaks Through Resistance at $7.35
Shares of Boston Scientific (NYSE:BSX) opened today above their pivot of $7.26 and have already reached the first level of resistance at $7.35. Investors may be interested in a cross of the next upside pivot targets of $7.44 and $7.63.
Boston Scientific share prices have moved between a 52-week high of $7.73 and a 52-week low of $4.79 and are now trading 53% above that low price at $7.33 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.6%.
Boston Scientific (NYSE:BSX) has potential upside of 5.3% based on a current price of $7.33 and analysts' consensus price target of $7.72. The stock should find initial support at its 50-day moving average (MA) of $6.58 and further support at its 200-day MA of $5.83.
SmarTrend recommended that subscribers consider buying shares of Boston Scientific on November 26th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.73. Since that recommendation, shares of Boston Scientific 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: pivot alerts Boston SCientific