Boston Scientific (BSX) Crossed Above the 200-Day Moving Average: What That Means for Investors

Technical Analysis - Boston Scientific (BSX) has reached an important support level and surpassed resistance at the 200-day moving average, indicating a long-term bullish trend [1] - The 200-day simple moving average serves as a key indicator for determining overall long-term market trends for various financial instruments [1] Recent Performance - BSX has moved 5.9% higher over the last four weeks, suggesting potential for further gains [2] - The company currently holds a Zacks Rank 2 (Buy), reinforcing its positive outlook [2] Earnings Estimates - Positive earnings estimate revisions support the bullish case for BSX, with no estimates decreasing in the past two months and three estimates increasing [2] - The consensus estimate for BSX has also seen an increase, further solidifying investor confidence [2][3] Investment Outlook - The combination of favorable earnings estimate revisions and the achievement of a key technical level positions BSX as a stock to watch for potential gains in the near future [3]