$BSX Boston Scientific Corporation Stock Robo Analyst October 15 2020 #BSX

Boston Scientific Corporation (BSX) “On a long-term technical basis, the stock (BSX) is trading above its 200-day moving average which generally implies it is in a positive trend.

The stock has support at 37.95 and 36.05. If the stock breaks down through support at 37.95 then it will probably continue lower to 36.05. The stock has resistance at 39.33 and at 42.37. If the stock breaks up through resistance at 39.33 then it will probably continue higher to 42.37. The 200-day moving average is at 37.95. This will also act as support. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 37.95 look for a rally to previous highs. The stock is neutral according to the Stochastic Indicator (62.00).”