Boston Scientific Corporation (BSX) – Moves to “Sell/Watch” classification

Boston Scientific Corporation (BSX) is a developer, manufacturer and marketer of medical devices that are used in a broad range of interventional medical specialties. The Healthcare sector has certainly been full of mergers, acquisitions and potential inversions. Boston Scientific has earned a SELL WATCH classification with the recent rapid move to the upside reaching 140.3% FV. This places the company at 480 out of 500 stocks in the S&P500 Index. The stock became overvalued when it passed through $20.31 and moved up to $21.92. There may remain more movement to the upside, but the probability is getting lower as it moves further upward.

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By | 2016-05-02T16:18:59+00:00 May 2nd, 2016|Categories: Money Basics|0 Comments

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