BOSTON SCIENTIFIC (NYSE:BSX) Strong Uptrend Up Arrow
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, BSX scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
+15 New 3 Day High on Wednesday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, November 21st
+30 New 3 Month High on October 5