|Day Low/High||42,69 / 43,55|
|52 Wk Low/High||35,05 / 46,28|
Right off the top, the bubble has burst for the 'short squeeze' names such as GameStop and AMC Entertainment.
To effectively generate profits, a trader must pick several companies in a sector and short the whole bunch.
Straying from these names could land you in quicksand as the 4th quarter begins.
For most of this year the market has been led by growth stocks.
Analyst downgrades and mind-boggling P/E ratios do not matter in this current market.
It is all about perception, and here are strong names to pick up on market weakness.
When chartists look for the next market leaders they often go to stocks that have held up the best during corrections.
The crash of oil will only accelerate the move.
Boston Scientific shares are poised for more gains
These names are showing technical characteristics of either bullish or bearish reversal patterns.
It's a wonder to me how split this market really is.
A bullish market and another quant upgrade could push BSX past our $31 target.
Their overseas business has been carrying them.
If BSX shares can rise above $24, it's clear sailing to $31, perhaps as soon as next week.
The technical signs indicate the stage may be set for new highs in the maker of medical devices.
Boston Scientific reported earnings of $0.27, in-line with analyst expectations.
Pay attention to what companies are doing to improve themselves, not the hand-wringing from fund managers about Fed intervention.
U.S. indices indicted a lower opening while Envision Healthcare talks merger and Boston Sciefitic announces global restructuring.
Given Boston Scientific's recent breakout above its 2015 highs, it appears the stock has room to grow.