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BOSTON SCIENTIFIC CORP
(BSX-NYSE):
Technical Viewpoint: From a low
of $45.35 on May 8, 2003 prices
rallied, reaching a
high of $65.73
on Jun 17, 2003. A
decline saw prices pull back, reaching a
low of
$58.34 on Jun 24, 2003.
Another rally saw prices penetrate
resistance, closing 7/3/03
at $62.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 30, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $59.50. Resistance: Is at $64.25.
Point & Figure: Reversed to the upside on Jul 2, 2003. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! BOSTON SCIENTIFIC CORP
(BSX-NYSE) @ $63.13 Stop: Use a protective stop of $60.63.
BOSTON SCIENTIFIC CORP is currently trading @ $62.56 plus $0.53 on Jul 3, 2003. Price Objective:
$77.50. Risk/Reward: $2.50 VS. $14.38. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$77.50
Risk/Reward:
$2.50 VS. $14.38
Risk/Reward Ratio:
6:1
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