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Boston Scientific (BSX) Breaks Through Resistance at $7.55
[February 07, 2013]

Boston Scientific (BSX) Breaks Through Resistance at $7.55

Feb 07, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Boston Scientific (NYSE:BSX) opened today above their pivot of $7.49 and have already reached the first level of resistance at $7.55. Should the shares continue to rise, the resistance pivots of $7.65 and $7.81 will be of interest.

Boston Scientific share prices have moved between a 52-week high of $7.72 and a 52-week low of $4.79 and are now trading 60% above that low price at $7.67 per share. The 200-day and 50-day moving averages have moved 0.51% higher and 2.13% higher over the past week, respectively.

Based on a current price of $7.67, Boston Scientific is currently 3.0% above its average consensus analyst price target of $7.44. The stock should find initial support at its 50-day moving average (MA) of $6.20 and further support at its 200-day MA of $5.76.

SmarTrend recommended that subscribers consider buying shares of Boston Scientific on November 26th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.73. Since that recommendation, shares of Boston Scientific have risen 33.8%. 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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