Boston Scientific (BSX) made a new 52-week high on Tuesday. Can this advance keep going?
Let's check the position of the charts and the condition of the indicators.
In the daily bar chart of BSX, below, I can see that share prices made a low back in June. BSX has rallied the past nine months and trades above the rising 50-day moving average line and above the rising 200-day line.
The On-Balance-Volume (OBV) line shows a rise from October and tells me that traders are being more aggressive buyers of BSX. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.