user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 417742 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Boston Scientific (BSX) Approaches New Upside Target of $6.14

Published on Tue, 01/08/2013 - 13:37
By Peter Chu

Boston Scientific (NYSE:BSX) has opened bullishly above the pivot of $5.99 today and has reached the first level of resistance at $6.06. Should the shares continue to rise, the resistance pivots of $6.14 and $6.29 will be of interest.

There is potential upside of 7.3% for shares of Boston Scientific based on a current price of $6.08 and an average consensus analyst price target of $6.53. The stock should find initial support at its 200-day moving average (MA) of $5.66 and further support at its 50-day MA of $5.50.

Boston Scientific Corporation develops, manufactures, and markets minimally invasive medical devices. The Company's products are used in interventional cardiology, cardiac rhythm management, peripheral interventions, electrophysiology, neurovascular intervention, endoscopy, urology, gynecology and neuromodulation.

Boston Scientific share prices have moved between a 52-week high of $6.41 and a 52-week low of $4.79 and are now trading 27% above that low price at $6.08 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.7%.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Stock Investors Sell Off Shares of Walte...

Walter Investment Management (AMEX:WAC) is one of today's biggest movers, down 2.1% to ...

Scripps Networks Interactive Crosses Bel...

Today, shares of Scripps Networks Interactive (NYSE:SNI) have crossed bearishly below t ...

Shares of Align Technology Under Pressur...

Align Technology (NASDAQ:ALGN) is one of today's notable stocks in decline, down 2.1% t ...

Equinix Bearish Moving Average Crossover...

Today, shares of Equinix (NASDAQ:EQIX) have crossed bearishly below their 10-day moving ...

Shares of Western Digital Under Pressure...

Western Digital (NYSE:WDC) is a company whose shares are active, trading 2.1% lower to ...

Autodesk Crosses Below its 10-day MA (AD...

Autodesk (NASDAQ:ADSK) crossed under its 10-day moving average of $54.91 on a volume of ...

Shares of Health Net Under Pressure, Dow...

Health Net (NYSE:HNT) is a company whose shares are active, trading 2.1% lower to $45.1 ...

Alliance Data Systems Crosses Below its ...

Alliance Data Systems (NYSE:ADS) crossed under its 10-day moving average of $246.62 on ...