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Boston Scientifc Set to Possibly Pullback After Yesterday's Rally of 7.19%

By Amy Schwartz

Boston Scientifc (NYSE:BSX) traded in a range yesterday that spanned from a low of $36.70 to a high of $38.13. Yesterday, the shares gained 7.2%, which took the trading range above the 3-day high of $36.45 on volume of 8.7 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 $46.62 and a 52-week low of $24.10 and are now trading 58% above that low price at $38.00 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.6%.

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