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BOSTON SCIENTIFIC
(BSX-NYSE):
Technical Viewpoint: From a low
of $21.42 on Mar 7, 2002 prices
rallied, reaching a
high of $26.60
on Apr 15, 2002. A
decline saw prices pull back, reaching a
low of
$23.93 on Apr 30, 2002.
Another rally saw prices penetrate
resistance, closing 5/21/02
at $26.73. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 13, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $25.63. Resistance: Is at $27.89.
Point & Figure: Reversed to the upside on May 30, 2002. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! BOSTON SCIENTIFIC
(BSX-NYSE) @ $26.88 Stop: Use a protective stop of $24.88.
BOSTON SCIENTIFIC is currently trading @ $26.73 plus $0.43 on May 21, 2002. Price Objective:
$36.00. Risk/Reward: $2.00 VS. $9.13. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$36.00
Risk/Reward:
$2.00 VS. $9.13
Risk/Reward Ratio:
4:1
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