Boston Scientific Corp.(BSX) is in an uptrend but could lose its momentum

(28-Apr-2008) (28-Apr-2008) Boston Scientific Corp.(BSX) closed at 12.94, up 0.17 or 1.33 % for the day. Based on our analysis, Boston Scientific Corp.(BSX) is in an uptrend but could lose its momentum.

The closing price of Boston Scientific Corp.(BSX) is above its 50 day moving average of 12.84 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Boston Scientific Corp.(BSX) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 11-Apr-2008, about 13 trading days ago.