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Boston Scientific Corporation Message Board

  • cash_is_king_now cash_is_king_now Mar 5, 2012 7:59 PM Flag

    Technical analysis

    1- BSX down trend has been broken in late Jan and during Feb when PPS passed previous high at $5.90 and went up to a new high recently around $6.40.

    2- 50 day MA is trending up, 200 MA is becoming flat.

    3- By Q2 2012, 50 day MA will cross 200 day MA. That is famous golden cross and investors will step in BSX in anticipation of that event in late Q1 and early Q2.

    4- There are some strong supports at 50 day MA ($5.78) and Lower Bollinger Band ($5.74).

    5- Based on the past BSX history, it usually drops sharp but it recovers to touch previous high ($6.40). If it passes previous high which is the case based on fact #1, then it continues to go up much higher($7 and $8).

    Here is the chart and you can see it yourself
    1- BSX down trend has been broken in late Jan and during Feb when PPS passed previous high at $5.90 and went up to a new high recently around $6.40.

    2- 50 day MA is trending up, 200 MA is becoming flat.

    3- By Q2 2012, 50 day MA will cross 200 day MA. That is famous golden cross and investors will step in BSX in anticipation of that event in late Q1 and early Q2.

    4- There are some strong supports at 50 day MA ($5.78) and Lower Bollinger Band ($5.74).

    5- Based on the past BSX history, it usually drops sharp but it recovers to touch previous high ($6.40). If it passes previous high which is the case based on fact #1, then it continues to go up much higher($7 and $8).

    Here is the chart and you can see it yourself
    http://stockcharts.com/h-sc/ui?s=BSX&p=D&yr=0&mn=9&dy=0&id=p69944901930

 
BSX
17.25-0.07(-0.40%)Jul 30 4:05 PMEDT