[May 15, 2012] Next Support Level for Boston Scientific (BSX) is $6.13 Tweet May 15, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Boston Scientific (NYSE:BSX) opened today below their pivot of $6.24 and have already reached the first level of support at $6.18. Analysts will be watching for a cross of the next downside pivot targets of $6.13 and $6.02. Boston Scientific share prices have moved between a 52-week high of $7.55 and a 52-week low of $5.01 and are now trading 23% above that low price at $6.16 per share. The 200-day and 50-day moving averages have moved 0.18% lower and 0.17% higher over the past week, respectively. Boston Scientific (NYSE:BSX) has potential upside of 12.2% based on a current price of $6.16 and analysts' consensus price target of $6.91. The stock should find initial support at its 50-day moving average (MA) of $5.99 and further support at its 200-day MA of $5.89. SmarTrend recommended that subscribers consider buying shares of Boston Scientific on January 19th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.86. Since that recommendation, shares of Boston Scientific have risen 6.3%. We continue to monitor BSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]