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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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