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BOSTON SCIENTIFIC CORP (NYSE:BSX) - A Strong Technical Setup in the Medical Device Sector

By Mill Chart

Last update: Jul 18, 2025

BOSTON SCIENTIFIC CORP (NYSE:BSX) has emerged as a notable technical breakout candidate based on our screening methodology. The stock combines a high Technical Rating with a strong Setup Quality score, suggesting potential for further upside. Below, we examine the key factors driving this assessment.

BOSTON SCIENTIFIC stock chart

Technical Strength

  • Rating of 8/10: BSX demonstrates consistent performance across both short and long-term timeframes. The stock is in a long-term uptrend, supported by rising moving averages (20-day, 50-day, 100-day, and 200-day).
  • Relative Strength: BSX outperforms 79% of all stocks over the past year and ranks in the top 19% of its industry (Health Care Equipment & Supplies).
  • Trading Range: The stock is consolidating within a one-month range of $100.84 to $107.53, offering a balanced risk-reward setup.

Setup Quality

  • Rating of 9/10: Recent price action shows tight consolidation, with a clear resistance zone between $104.76 and $107.41. A breakout above this level could signal further gains.
  • Support Levels: Multiple support zones exist below the current price, including a key area at $103.83, providing a logical stop-loss level.
  • Pocket Pivot Signal: A recent accumulation pattern suggests institutional buying interest, reinforcing the bullish case.

Trade Considerations

  • Entry Point: A breakout above $107.42 could serve as a potential entry trigger.
  • Exit Strategy: A stop-loss below $102.77 limits downside risk to ~4.3%.
  • Volume & Liquidity: Average daily volume of ~7.38 million shares ensures smooth execution.

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

Our Technical Breakout Setups screener identifies similar opportunities daily.

Disclaimer

This is not investment advice. Always conduct your own research and consider risk management before trading.

BOSTON SCIENTIFIC CORP

NYSE:BSX (8/22/2025, 8:04:01 PM)

After market: 105.713 -0.46 (-0.43%)

106.17

+0.96 (+0.91%)



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