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Boston Scientifc Set to Possibly Rebound After Yesterday's Selloff of 3.92%

By Nick Russo

Boston Scientifc (NYSE:BSX) traded in a range yesterday that spanned from a low of $36.14 to a high of $36.94. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $37.01 on volume of 3.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Boston Scientifc has traded in a range of $24.10 to $46.62 and is now at $35.61, 48% above that low. The 200-day and 50-day moving averages have moved 0.17% lower and 0.05% higher over the past week, respectively.

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