BSX stock: buy or sell

BSX stock price: $41.55 -0.14% At close on May 14th, 2021

Updated on:
May 17th, 2021

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BSX stock brief

  • Boston Scientific stock scarcely changed -0.14% to close at $41.55 on the stock market last Friday.
  • Price is drawing a scaled uptrend since November 2020 with higher tops and higher bottoms. Up to date, price marked a 25.95% gain since the beginning of this rally

Should I buy Boston Scientific stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $BSX stock a buy?

In the current situation of Boston Scientific there is not any eligible buy setup. This doesn't mean we expect a selloff for $BSX in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Boston Scientific stock?

How to know when is it time to sell Boston Scientific?. In the same way as when we have to buy shares, determining when is the best time to sell is not a haphazard decision, and we must adhere our own trading style. When selling, as well as buying, our strategies are very simple to use but are only valid for selling shares in your porfolio, not for selling short Boston Scientific stock

As a golden rule, you should not hold a trade that shows a losses greater than those expected by the time of the buy. The moment to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell Boston Scientific stock?

Currently, Boston Scientific stock doesn't match any of our preferred sell setups, so if you own Boston Scientific shares and your operation is in profit probably is not time to sell now

Boston Scientific ratings

In the last 30 days, 7 analyst ratings were published for Boston Scientific. General sentiment is bullish, with 5 out of 7 posting positive outlooks

Boston Scientific analysts' ratings - Last 30 days
Brokerage firmRating
Apr 21st, 2021
Atlantic Securities Buy
Apr 29th, 2021
Canaccord Genuity Strong buy
Deutsche Bank Aktiengesellschaft Neutral
Morgan Stanley Buy
Truist Neutral
Wells Fargo & Company NeutralBuy
May 5th, 2021
Morgan Stanley Buy

Boston Scientific stock analysis

Boston Scientific stock started an uptrend in November 2020, and gained a gorgeous 25.95%. The price shows rising tops and bottoms, and along the way gave very few entry points for those who wanted to enter. Latest low was last March, when price bounced at $37.13. Now, it trades in a consolidation between its last top ($44.63) and its last bottom ($37.13)

SMAs overview

BSX stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $41.65 (0.24% above)
  • R2: $42.13 (1.40% above)
  • R3: $42.37 (1.97% above)
  • The current supports are:

  • S1: $41.53 (-0.05% below)
  • S2: $41.00 (-1.32% below)
  • S3: $40.91 (-1.54% below)
  • Bollinger bands

    The price is trading very close to the lower Bollinger band, signaling some level of oversold in recent sessions. This is not a buy signal, as price can move in these levels for many days and weeks

    BSX stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on May 4 after just crossing to the overbough zone for 1 day (weak signal). The RSI value last Friday was 47.48. Since RSI lost the overbought zone, Boston Scientific shares tanked a 4.77%

    BSX stock RSI chart

    Boston Scientific stock price history

    Boston Scientific started trading priced at an adjusted price1 of $4.25 on May 1992. Since then, BSX stock surged by 877.65%, with an average of 30.26% per year. If you had invested thousand dollars in Boston Scientific stock on May 1992, it would have a value of $9,776.47 today.

    1: Adjusted price after possible price splits or reverse-splits

    BSX stock price history chart

    Price target for Boston Scientific stock

    Nobody knows how much a stock will be priced tomorrow. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price predictions published by brokerage institutions in the last month. If you are a small investor you don't have to invest based on these forecasts.

    There are 7 price forecasts published for Boston Scientific that average $49.71. That is a 19.64% than the current price ($41.55).

    Boston Scientific stock price predictions
    Brokerage firmPrice target
    Apr 21st, 2021
    Atlantic Securities $52.00
    Apr 29th, 2021
    Canaccord Genuity $44.00$49.00
    Deutsche Bank Aktiengesellschaft $39.00$45.00
    Morgan Stanley $43.00$51.00
    Truist $42.00$50.00
    Wells Fargo & Company $42.00$50.00
    May 5th, 2021
    Morgan Stanley $43.00$51.00

    Earnings and financials

    In late April, Boston Scientific ($BSX) hosted the quarterly shareholders event and released the report. BSX surpassed analysts estimates and presented of $0.37, that is a 19.35% better than expected versus the predictions of $0.31. Aligned to this, reported sales were $2.8 billion versus estimates of $2.6 billion.

    In contrast, the EPS for the same quarter last year was $0.28, so current EPS means a gain of 32.14%. Turnover went up a 8.22% on an annualized basis in the , from $25.4B to $27.5B last quarter.

    BSX ($BSX) releases earnings report next July.

    Boston Scientific performance

    BSX performance compared
    Company1m3m6m
    Boston Scientific ($BSX) 1.00% 8.50% 11.80%

    Important:
    The opinions published in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the particular conditions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for education motives only

    BSX summary

    Friday, May 14th, 2021
    Open$41.84
    Close$41.55
    Day range$41.54 - $42.04
    Previous close$41.61
    Session gain-0.14%
    Average true range$1.11
    50d mov avg$40.39
    100d mov avg$38.72
    200d mov avg$38.17
    Earnings dateJuly 28th, 2021

    Frequently asked questions

    What is Boston Scientific stock symbol?

    Boston Scientific Corporation is a public company trading in the US stock market with the BSX symbol

    Is Boston Scientific stock a buy or sell?

    Boston Scientific received 7 ratings in the last 30 days: 5 bullish, 0 bearish and 2 neutral.

    Will BSX go up?

    Boston Scientific had different price predictions published by market analysts in the last 4 weeks setting the target price to $49.71. That is a 19.64% than the last price ($41.55).