BOSTON SCIENTIFIC CORP (NYSE:BSX) – A Strong Growth and Technical Setup Candidate

BOSTON SCIENTIFIC CORP (NYSE:BSX) stands out as a compelling choice for investors focused on high-growth momentum and technical strength. The company combines strong earnings momentum with a favorable technical setup, making it worth a closer look.

Growth Momentum Highlights

• Earnings Growth: BSX reported a 26.2% year-over-year increase in EPS (TTM), with recent quarterly EPS growth accelerating to 33.9%.
• Revenue Expansion: Sales grew 19.4% over the past year, with the latest quarter showing a 20.9% increase.
• Profit Margins: The company’s profit margin expanded to 14.5% in the most recent quarter, up from 7.9% a year ago.
• Positive Revisions: Analysts have raised EPS estimates for the next year by 1.9%, reflecting confidence in continued growth.
• Consistent Earnings Beats: BSX has surpassed earnings estimates in each of the last four quarters, with an average beat of 7.1%.

Technical Strength & Setup

• Technical Rating (10/10): BSX has a perfect score, reflecting strong trends across short and long-term timeframes. The stock outperforms 90% of the market and 88% of its industry peers.
• Setup Quality (7/10): The stock is consolidating after a recent uptrend, presenting a potential entry point. Resistance sits near $106.11, while support is firm around $99.92.
• Bull Flag Pattern: The current pullback could offer a favorable buying opportunity if momentum resumes.

For a deeper technical breakdown, review the full technical report for BSX.

Our High Growth Momentum Breakout Setups Screen lists more stocks with similar characteristics and is updated daily.

Disclaimer

This is not investment advice. The observations here are based on current data, but investors should conduct their own analysis before making decisions.