In this daily bar chart of BSX, below, we can see how prices corrected below the rising 200-day moving average line and this month has rallied strongly back above it. BSX is also above the bottoming 50-day line. The daily On-Balance-Volume (OBV) line corrected lower from October to early December but has since started to improve. The Moving Average Convergence Divergence (MACD) oscillator declined to a sell in early November and then a cover shorts in the middle of December. This month the MACD oscillator crossed back above the zero line for an outright go long signal.
In this weekly bar chart of BSX, below, we can see that prices are just about ready to close above the rising 40-week moving average line. The weekly OBV line is showing some slight improvement while the weekly MACD oscillator looks ready to cross to the upside for a cover shorts buy signal.
In this Point and Figure chart of BSX, below, we can see a minor upside breakout at $28.08. A price target in the $32-$33 area is shown and would be a new 52-week high.
Bottom line -- BSX looks poised for further gains. Traders could go long here and on strength risking a close below $25.50. $33 is our upside price objective.