Boston Scientific Corp | BSX | Long at $43.00

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TECHNICAL ANALYSIS
  • Price for Boston Scientific Corp BSX touched the top channel of my selected "major crash" simple moving average area (gray lines). This area is often a major zone of algorithmic buying. Prices often reverse quickly or within months at these levels and hit resistance at the "crash" simple moving average zone (green lines).
  • There is a high probability, algorithmically, that once the resistance above happens, a significant decline may proceed. This would occur to close out the two remaining open price gaps all the way down to $31.52 (post-earnings?) Thus, I am creating a starter position here and adding more if this decline happens before targets are reached.

INSIDERS

GROWTH

FUNDAMENTALS
  • Annual Revenue = $20 billion
  • Current P/E = 17x
  • Bankruptcy Risk / Alman's Z-Score = 5.5 (healthy / low risk)
  • Debt-to-Equity = 0.4x (healthy)
  • Short-Term Debt / Quick Ratio = 1.2 (moderately healthy)
  • Free Cash Flow Yield = 5.1% (moderately healthy)

ACTION
  • Strong company, but weak 2026 growth and strong trading algorithms could eventually push the price into the $30s. Personally, a major buy opportunity at that level for a long-term hold. Thus, starter position at $43.00 with plans to add more shares if the dip happens.

TARGETS INTO 2029
  1. $50.00 (16.3%)
  2. $55.00 (27.9%)

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