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Boston Scientific Corporation Message Board

newyorksalute 1 post  |  Last Activity: Feb 1, 2015 5:59 PM Member since: Jan 28, 2003
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  • Reply to

    why the upswing?

    by darlact Jan 30, 2015 2:21 PM
    newyorksalute newyorksalute Feb 1, 2015 5:59 PM Flag

    I'm wondering the same thing and I like what I see. The dividend looks to be safe for now, so that is providing some stability. The short interest is about unchanged through mid January, but there may be some shorts hitting the exits and that may be helping. There is also some various obvious accumulation going on - look at the volume spikes late in the day on Wed and Thurs (1/29 & 1/30) followed by a low volume Friday. The low volume on Friday was a good sign as it shows that the accumulators were comfortable holding the stock over the weekend (and likely much longer) even after the nice mini-run. The stock is going up based on technicals. The news of a possible refinery strike at refineries under the steelworkers union may also be helping CVRR.

BSX
18.07+0.24(+1.35%)Mar 30 4:00 PMEDT