How To Trade (BSX)

November 09, 2024, 14:58 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BSX

• Buy BSX near 86.67 target 90.21 stop loss @ 86.42 Details

The technical summary data tells us to buy BSX near 86.67 with an upside target of 90.21. This data also tells us to set a stop loss @ 86.42 to protect against excessive loss in case the stock begins to move against the trade. 86.67 is the first level of support below 88.25 , and by rule, any test of support is a buy signal. In this case, support 86.67 is being tested, a buy signal would exist.

• Short BSX slightly under 90.21, target 86.67, stop loss @ 90.47 Details

The technical summary data is suggesting a short of BSX as it gets near 90.21 with a downside target of 86.67. We should have a stop loss in place at 90.47though. 90.21 is the first level of resistance above 88.25, and by rule, any test of resistance is a short signal. In this case, if resistance 90.21 is being tested, a short signal would exist.

Swing Trading Plans for BSX

• Buy BSX slightly over 90.21, target n/a, Stop Loss @ 89.95 Details

If 90.21 begins to break higher, the technical summary data tells us to buy BSX just slightly over 90.21, with an upside target of n/a. The data also tells us to set a stop loss @ 89.95 in case the stock turns against the trade. 90.21 is the first level of resistance above 88.25, and by rule, any break above resistance is a buy signal. In this case, 90.21, 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 slightly near 90.21, target 86.67, Stop Loss @ 90.47. Details

The technical summary data is suggesting a short of BSX if it tests 90.21 with a downside target of 86.67. We should have a stop loss in place at 90.47 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, 90.21, 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 slightly over 90.21, target n/a, Stop Loss @ 90 Details

If 90.21 begins to break higher, the technical summary data tells us to buy BSX just slightly over 90.21, with an upside target of n/a. The data also tells us to set a stop loss @ 90 in case the stock turns against the trade. 90.21 is the first level of resistance above 88.25, and by rule, any break above resistance is a buy signal. In this case, 90.21, 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 slightly near 90.21, target 87.65, Stop Loss @ 90.42. Details

The technical summary data is suggesting a short of BSX if it tests 90.21 with a downside target of 87.65. We should have a stop loss in place at 90.42 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, 90.21, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Boston Scientific Corporation (BSX) available here: BSX.

BSX Ratings for November 09:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	82.86
P2	86.77	84.11	86.67
P3	87.65	86.64	90.21

AI Generated Signals for BSX

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This report provides trading strategies for Boston Scientific Corporation (NYSE: BSX) while incorporating 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.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BSX too.  All of these are offered below the Summary Table.