Technical Breakout Setups. Analyze the stocks with the best technicals forming a breakout setup pattern at the moment.
New York Stock Exchange, Inc. / Health Care / Health Care Equipment & Supplies
We assign a technical rating of 10 out of 10 to BSX. Both in the recent history as in the last year, BSX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, BSX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 106.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 100.81, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
88.36
We found 3 important support areas.
- A support zone ranging from 99.25 to 100.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 92.31 to 92.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 89.25 to 89.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 106.11 to 106.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 103.62 | 101.45 | 2.17 (2.10%) | 25.00% |
| An entry @103.62. This is a Buy Stop order right above the 10 day moving average. | An exit @101.45. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.17 points, which is 2.10%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.52%. |
- The distance between exit and entry is rather small compared to the average daily movement of BSX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.