BOSTON SCIENTIFIC CORP (NYSE:BSX) – A Strong Growth Candidate Meeting Minervini’s Criteria

BOSTON SCIENTIFIC CORP (NYSE:BSX) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company’s strong technical setup, combined with accelerating earnings and revenue growth, makes it a compelling candidate for growth-focused investors.

Why BSX Fits the Minervini Trend Template

Minervini’s strategy focuses on stocks exhibiting strong uptrends with clear technical strength. BSX meets all key criteria:

• Price Above Key Moving Averages: The stock is trading at $106.04, well above its 50-day ($99.34), 150-day ($95.74), and 200-day ($91.95) moving averages.
• Upward-Trending Averages: The 150-day and 200-day moving averages are both rising, confirming long-term bullish momentum.
• Strong Relative Strength: With a ChartMill Relative Strength score of 90.52, BSX outperforms 90% of the market.
• Near 52-Week High: The stock is trading within 1% of its 52-week high ($107.17), a sign of sustained momentum.
• Significant Recovery: BSX is up 47% from its 52-week low ($71.88), demonstrating strong recovery potential.

High Growth Fundamentals

Beyond technical strength, BSX shows robust fundamental growth:

• Earnings Growth: EPS grew 26.2% year-over-year (TTM), with quarterly EPS growth accelerating to 33.9% in the most recent quarter.
• Revenue Expansion: Sales increased 19.4% (TTM), with the latest quarter showing 20.9% growth.
• Profit Margin Expansion: Quarterly profit margins improved from 7.9% to 14.5% over the past year.
• Consistent Earnings Beats: The company has beaten EPS estimates in each of the last four quarters, with an average beat of 7.1%.

Technical Outlook

According to ChartMill’s technical report, BSX has a perfect rating of 10, reflecting strong performance across short and long-term trends. However, the setup rating of 3 suggests waiting for a consolidation before entering, as recent volatility may limit ideal entry points.

For a deeper technical breakdown, review the full technical report here.

Our High Growth Momentum + Trend Template screener lists more stocks meeting these criteria.

Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.