Photo by Joshua Mayo on Unsplash
 

The Chart of the Day belongs to the medical technology company Boston Scientific (BSX). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 2/1 the stock gained 12.20%.

(Click on image to enlarge)

BSX Price vs Daily Moving Averages

Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through MedSurg and Cardiovascular segments. The company offers devices to diagnose and treat gastrointestinal and pulmonary conditions; devices to treat various urological and pelvic conditions; implantable cardioverter and implantable cardiac resynchronization therapy defibrillators; pacemakers and implantable cardiac resynchronization therapy pacemakers; and remote patient management systems. It also provides medical technologies to diagnose and treat rate and rhythm disorders of the heart comprising 3-D cardiac mapping and navigation solutions, ablation catheters, diagnostic catheters, mapping catheters, intracardiac ultrasound catheters, delivery sheaths, and other accessories; spinal cord stimulator systems for the management of chronic pain; indirect decompression systems; and deep brain stimulation systems. In addition, the company offers interventional cardiology products, that uses in the treatment of coronary artery disease and aortic valve conditions. Further, it provides stents, balloon catheters, guidewires, atherectomy, and thrombectomy systems to treat arterial and venous diseases; and peripheral embolization devices, radioactive microspheres, cryotherapy ablation systems, and micro and drainage catheters to treat cancer. The company was incorporated in 1979 and is headquartered in Marlborough, Massachusetts.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

• 100% technical buy signals
• 39.80+Weighted Alpha
• 37.51% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50, and 100-day moving averages
• 10 new highs and up 4.36% in the last month
• Relative Strength Index 64.57%
• Recently traded at $52.64 with a 50-day moving average of $50.25
   

Fundamental Factors:

• Market Cap $74.68 billion
• P/E 29.80
• Revenue is expected to grow 9.90% this year and another 8.00% next year
• Earnings are estimated to increase 11.40% this year, an additional 13.30% next year, and continue to compound at an annual rate of 12.17% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued  18 strong buy, 6 buy, and 5 hold opinions on this stock
• Analysts have price targets from $52 to $635 with a consensus of $58 for an 8% gain
• The individual investors following the stock on Motley Fool voted 743 to 184 for the stock to beat the market with the more experienced investors voting 145 to 13 for the same result
• 37,380 investors monitor the stock on Seeking Alpha

More By This Author:

Chart Of The Day: Unilever Is A Leader In The Consumer Goods Sector
Chart Of The Day: Merit Medical Systems - Strong Buy Sentiment
Chart Of The Day: Yum! Brands Looks Tasty