Boston Scientific: Good Valuation, But Technically Shaky - Tate Dwinnell

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Boston Scientific: Good Valuation, But Technically Shaky
Jul 13, 2008 09:03 AM UTC

Tate Dwinnell

Return	Risk
-28.60%	LOW

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Symbol	Sentiment	Start	Return	Closed
BSX		07/13/08	-31.94%	--

Via Long Investment Ideas from Seeking Alpha:

The following post is provided exclusively to readers by the good folks at TheCorrectCall.com. I agree that medical and drug stocks are showing some resiliency... some even showing very bullish action, but being a technical trader myself, I personally would hold off on Boston Scientific (BSX) until it gets back above key resistance levels of the 50 and 200 day moving averages. Perhaps its upcoming earnings report will be just the catalyst to do so.

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