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SmarTrend Watching for Potential Pullback in Shares of Boston Scientifc After 2.54% Gain

By James Quinn

Boston Scientifc (NYSE:BSX) traded in a range yesterday that spanned from a low of $37.09 to a high of $37.64. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $36.53 on volume of 7.3 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 $37.64 and a 52-week low of $24.54 and are now trading 52% above that low price at $37.35 per share. The 200-day and 50-day moving averages have moved 0.38% higher and 0.61% higher over the past week, respectively.

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: rebounders boston scientifc

Ticker(s): BSX