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BOSTON SCIENTIFIC CORP
(BSX-NYSE):
Technical Viewpoint: From a low
of $50.80 on Jun 2, 2003 prices
rallied, reaching a
high of $58.42
on Jun 5, 2003. A
decline saw prices pull back, reaching a
low of
$54.22 on Jun 10, 2003.
Another rally saw prices penetrate
resistance, closing 6/11/03
at $59.75. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on May 1, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $52.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 11, 2003. A P&F upside
reversal takes place at $58.00. Summary: Technical indicators have turned bullish. BUY! BOSTON SCIENTIFIC CORP
(BSX-NYSE) @ $60.50 Stop: Use a protective stop of $58.12.
BOSTON SCIENTIFIC CORP is currently trading @ $59.75 plus $4.76 on Jun 11, 2003. Price Objective:
$70.50. Risk/Reward: $2.38 VS. $10.00. 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:
$70.50
Risk/Reward:
$2.38 VS. $10.00
Risk/Reward Ratio:
4:1
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