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Watch for Boston Scientifc to Potentially Rebound After Falling 3.09% Yesterday

By Nick Russo

Boston Scientifc (NYSE:BSX) traded in a range yesterday that spanned from a low of $36.64 to a high of $38.09. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $37.56 on volume of 7.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Boston Scientifc share prices have been bracketed by a low of $27.91 and a high of $41.00 and are now at $36.64, 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

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: rebounders boston scientifc

Ticker(s): BSX