Boston Scientific Corporation(BSX) has rising momentum with an uptrend

(31-Mar-2008) (31-Mar-2008) Boston Scientific Corporation(BSX) closed at 12.61, down -0.22 or -1.71 % today. Based on our analysis, Boston Scientific Corporation(BSX) has rising momentum with an uptrend.

The closing price of Boston Scientific Corporation(BSX) is above its 50 day moving average of 12.51 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Boston Scientific Corporation(BSX) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 25-Mar-2008, about 5 trading days ago.