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Boston Scientific Corp. Breaks Below 200-Day Moving Average - Bearish for BSX

By Market News Video Staff, Monday, May 23, 10:57 AM ET
Now Playing: Learn About The 200 DMA


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In trading on Monday, shares of Boston Scientific Corp. (NYSE:BSX) crossed below their 200 day moving average of $6.73, changing hands as low as $6.62 per share. Boston Scientific Corp. shares are currently trading off about 2.6% on the day. The chart below shows the one year performance of BSX shares, versus its 200 day moving average:

Boston Scientific Corp. 200 Day Moving Average Chart

Looking at the chart above, BSX's low point in its 52 week range is $5.04 per share, with $7.96 as the 52 week high point — that compares with a last trade of $6.62.

According to the ETF Finder at ETF Channel, BSX makes up 3.88% of the iShares Dow Jones U.S. Medical Devices Index Fund ETF (AMEX:IHI) which is trading lower by about 1.6% on the day Monday.

     See what other ETFs contain BSX »
     See what other stocks are held by IHI »

BSX operates in the Medical Instruments & Supplies sector, among companies like Invacare Corp (NYSE:IVC) which is down about 1% today, and Tornier N.V. (NASDAQ:TRNX) trading up by about 0.8%. Below is a three month price history chart comparing the stock performance of BSX, versus IVC and TRNX.

BSX,IVC,TRNX Relative Performance Chart


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This Article's Word Cloud:   AMEX   According   Average   Below   Boston   Channel   Corp   ETFs   Invacare   Investment   Medical   Monday   Moving   NYSE   Portfolio   Scientific   TRNX   about   allows   among   asset   average   below   chart   companies   completely   currently   designed   growth   hands   history   moving   operates   other   performance   point   portfolio   price   range   share   shares   short   stocks   terms   trading   versus   week   what   which   with
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