Sunday, October 07, 2007

BSX Analysis for 10.07.2007

BOSTON SCIENTIFIC

Monthly chart shows potential trend change. Early buyers showing up off the .786 fib support of $12.00 area.

Weekly chart shows price above the prior s/r level of $14.00.

Daily chart shows eager buyers showing up at the opening with a gap up, and closing near the prior highs of last week. Look for possible retracement, with the current low to hold, and then renewed buying.

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