BOSTON SCIENTIFIC CORP
(BSX-NYSE):
Technical Viewpoint: From a low
of $23.00 on Jul 23, 2002 prices
rallied, reaching a
high of $29.99
on Jul 31, 2002. A
decline saw prices pull back, reaching a
low of
$26.56 on Aug 14, 2002.
Another rally saw prices penetrate
resistance, closing 8/23/02
at $29.32. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jul 31, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $28.00. Resistance: Is at $30.00.
Point & Figure: Reversed to the upside on Aug 15, 2002. A P&F upside
reversal takes place at $28.00. Summary: Technical indicators have turned bullish. BUY! BOSTON SCIENTIFIC CORP
(BSX-NYSE) @ $29.75 Stop: Use a protective stop of $27.75.
BOSTON SCIENTIFIC CORP is currently trading @ $29.32 plus $0.57 on Aug 23, 2002. Price Objective:
$41.00. Risk/Reward: $2.00 VS. $11.25. Today's Risk Reward Ratio: 5:1
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