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Skipper86

Boston Scientific Fundamental Strength and Technical Breakout

Long
Boston Scientific Corporation (NYSE:BSX)  
Skipper86  
NYSE:BSX   Boston Scientific Corporation
Trend Lines Triangle Fundamental Analysis Ascending Triangle cupandhandlepattern breakout researchanddevelopment
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trendline triangle fundamental ascendingtriangle cupandhandlepattern breakout researchanddevelopment
Boston Scientific develops, manufactures, and markets medical devices. Q4 earnings were reported this week providing a clear picture of 2022 annual fundamentals. The fundamentals considered are presented on the chart with brief commentary.

Technical considerations:
Price bounced off of trend line going back to 2012
Ascending triangle breakout
New ATH weekly close

Positions:
Entry: 100 shares @ $48.71
Target: $67.43 by July 2025
Stop: $44.19 (~20-week SMA, below 2023 low)
R/R: 4.14
Reward: $1872
Risk: $452
Time Horizon: 12+ months
Current price (weekly close): $48.50

Risk Analysis Chart:
snapshot

Main chart before distorted by publishing process:
snapshot
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