Boston SC Corp Stock Code BSX.NYS
Outlook
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.
Strategy
$38.80 Sell
$35.00 Price Target
$40.10 Risk Management Stop
3 weeks Trade Duration
