I think the engione was pushed to the limit and now is a broken junk.
So, the bear is getting hungry.
Sentiment: Strong Sell
2008/2009 will be repeated and this time there is no remedy.
I strongly believe in Bollinger Bands since it has proven over and over that limits will hold regardless of the market and stock. Most stocks reverse the course when they hit the top or bottom Bollinger bands.
I think BSX will do the same, if not today but tomorrow.
As I have doing investing in past 20 years, any time time the target is reached meannt to dispose the shares.
"Deutsche Bank increased its price target on shares of Boston Scientific (BSX) to $9 as the company released encouraging data from a number of products in the company’s pipeline."
So, all the good news are priced in for $9, then why the stock is trading at $9.50?
How could he lose money if he shorted at $9.48 and the stock closed at $9.42?
Do you have any clue about shorting a stock?
The market is going down and bubbley stocks like BSX will be punished strongly.
This is a game to make you hungry for more shares.