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Boston Scientific Corporation Message Board

  • Stock_Detective Stock_Detective Nov 13, 1998 10:25 AM Flag

    Gap 1closed...

    Gap btw. 44 and 45 closed. Next number to watch
    is 47.50, the lower end of the gap btw. 47.50 and
    52.25 created on 11/3. Currently the stock has broken
    thru 46 but is running into some selling pressure,
    presumably by some of those who bought on 11/3 after the big
    initial drop from 11/2 and were blindsided by the day
    long trading halt. A move above 47.50 even on an
    intraday basis would be bullish while a break below
    yesterday's low would be short term bearish. Vol is heavy as
    bulls and bears battle it out almost exactly inside the
    middle of the range established on 11/3.

    If funds
    are available (i.e. if I haven't established another
    trading position) I will establish a pilot position if
    the stock is able to enter the gap above 47.50

    More later.

    More later.

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23.77+0.14(+0.59%)Aug 25 4:02 PMEDT