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Boston Scientific (BSX) Breaks Through Resistance at $7.35
[February 22, 2013]

Boston Scientific (BSX) Breaks Through Resistance at $7.35

Feb 22, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of Boston Scientific (NYSE:BSX) opened today above their pivot of $7.26 and have already reached the first level of resistance at $7.35. Investors may be interested in a cross of the next upside pivot targets of $7.44 and $7.63.

Boston Scientific share prices have moved between a 52-week high of $7.73 and a 52-week low of $4.79 and are now trading 53% above that low price at $7.33 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.6%.

Boston Scientific (NYSE:BSX) has potential upside of 5.3% based on a current price of $7.33 and analysts' consensus price target of $7.72. The stock should find initial support at its 50-day moving average (MA) of $6.58 and further support at its 200-day MA of $5.83.

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 26.8%. 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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