A caller during Wednesday's Lightning Round segment of Mad Money asked Jim Cramer about Boston Scientific (BSX) . "This is great, Intuitive Surgical (ISRG) is great and so is Edwards Lifesciences (EW) and Medtronic (MDT) ," replied Cramer.
Let's check out the charts of BSX.
In the daily bar chart of BSX, below, we can see that prices just broke out over the highs of September and October. The slopes of the 50-day and the 200-day moving averages are positive and we can see a bullish golden cross buy signal in early March as the 50-day line crossed above the 200-day line.
The On-Balance-Volume (OBV) line has been strong since December and confirms and supports the price gains the past five months. The Moving Average Convergence Divergence (MACD) oscillator has just turned to the upside for an outright go long signal.