We wrote about Boston Scientific (BSX) on Jan. 11. We concluded, "This long-term Point and Figure chart, above, shows a long decline, a base and a recovery. A move above $24 on this chart opens the way for a $31 price target. Risk is below $21 for now. Wicked."
Today the Street.com's quantitative service upgraded BSX. Let's check an updated chart.
In this daily bar chart, below, we can see that BSX is knocking on $24. Our favorite indicators remain bullish. If prices don't break out today, we have another shot on Tuesday. And Wednesday. And Thursday. And Friday.