CFD Trading – Sell Boston Scientific Corp. (BSX.NYS) @ $38.80. Stop @ $40.10 and Target @ $35.00.

Boston SC Corp Stock Code BSX.NYS


Price reached a low of $37.75 on 27 September and there was a corrective price rally. The correction rally might have formed a Flag chart pattern which implied a price decline to $34.24 ahead. Conversion line and base line had a bearish crossover and is hinting at a bearish price trend. Lagging Span is below price of 26 days ago but is inside the cloud at the moment.  MACD is bearish and is hinting at a bearish price trend. If price is unable to move above the cloud, it could be heading towards the previous low at $34.96 in the next 2-3 weeks.


$38.80                Sell

$35.00                Price Target

$40.10                Risk Management Stop

3 weeks              Trade Duration

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