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Stock impact report

Boston Scientific Facing Potential Resistance While Sentiment Is Extremely Bullish [Seeking Alpha]

Boston Scientific Corporation (BSX) 
Last boston scientific corporation earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.bostonscientific.com
Company Research Source: Seeking Alpha
SummaryBoston Scientific is set to report earnings before the open on Wednesday.The stock has rallied sharply off of its March low, but is now facing potential resistance.Sentiment toward the stock is extremely bullish at this point and that could make it difficult for the stock to move up after the report.Medical device manufacturerBoston Scientific (BSXIn hindsight, my stop was a little tighter than usual, but seeing the stock drop all the way down to $24.10, the trade would have hit almost any reasonable stop I could have set.I sent the recommendation when the stock was sitting right on the lower rail of the trend channel it had been in for 14 or 15 months. It had moved out of overbought territory and I was looking for the 104-week moving average to act as a potential secondary layer of support.The weekly stochastic indicators made a bullish crossover about a month after my recommendation and the stock took off. Now it looks like the 104-week may be acting as resistance to some deg Show less Read more
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