Boston Scientific BSX Trading Advice

Source: Stock Traders Daily

Longer Term Trading Plans for BSX
  • Buy BSX over 39.74 target 42.73 stop loss @ 39.63 Details
  • The technical summary data tells us to buy BSX near 39.74 with an upside target of 42.73. This data also tells us to set a stop loss @ 39.63 to protect against excessive loss in case the stock begins to move against the trade. 39.74 is the first level of support below 40.94 , and by rule, any test of support is a buy signal. In this case, support 39.74 is being tested, a buy signal would exist.

  • Short BSX under 42.73, target 39.74, stop loss @ 42.85 Details
  • The technical summary data is suggesting a short of BSX as it gets near 42.73 with a downside target of 39.74. We should have a stop loss in place at 42.85though. 42.73 is the first level of resistance above 40.94, and by rule, any test of resistance is a short signal. In this case, if resistance 42.73 is being tested, a short signal would exist.

Swing Trading Plans for BSX
  • Buy BSX over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy BSX just over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 40.94, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BSX near n/a, target n/a, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of BSX if it tests n/a with a downside target of n/a. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BSX
  • Buy BSX over 41.08, target 41.51, Stop Loss @ 40.98 Details
  • If 41.08 begins to break higher, the technical summary data tells us to buy BSX just over 41.08, with an upside target of 41.51. The data also tells us to set a stop loss @ 40.98 in case the stock turns against the trade. 41.08 is the first level of resistance above 40.94, and by rule, any break above resistance is a buy signal. In this case, 41.08, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short BSX near 41.08, target 39.74, Stop Loss @ 41.18. Details
  • The technical summary data is suggesting a short of BSX if it tests 41.08 with a downside target of 39.74. We should have a stop loss in place at 41.18 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 41.08, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

BSX Ratings for August 05:

Term →Near Mid Long
Rating Strong Neutral Weak
P1 0 0 36.88
P2 41.51 41.08 39.74
P3 42.81 42.53 42.73

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BSX Long Term Analysis for August 5 2022


BSX Day Trading Analysis for August 5 2022

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Boston Scientific (NYSE: BSX) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BSX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BSX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Evitar Corte monitors the FOMC for Market Crash signals:
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