Yahoo Finance Boston Scientific Shares Tracking Higher
Boston Scientific Shares Enjoying Big Money Demand
Institutional volumes reveal plenty. Over the past year, our proprietary signals indicate BSX has enjoyed a surge in demand. We believe this to be strong institutional support.
Each green bar indicates unusually large volumes in BSX shares, pushing the stock higher:
Plenty of health care names are under accumulation right now. But there’s a powerful fundamental backdrop going on with Boston Scientific.
Boston Scientific Fundamental Analysis
Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, BSX sports strong sales and earnings growth:
3-year sales growth rate (+13%)
3-year earnings growth rate (+52.8%)
Source: FactSet
Also, EPS is estimated to ramp higher this year by +13.4%.
Now it makes sense why the stock has been powering to new heights. Boston Scientific is gaining because of its strong fundamental picture.
Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.
Boston Scientific has recently been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.
It’s made the rare Top 20 list a couple times this year. The blue bars below show when BSX was a top pick …plotting a strong uptrend.
Tracking unusual volumes reveals the power of money flows.
This is a trait that most outlier stocks exhibit…the high-fliers. Money flows often reveal tomorrow’s leaders today.
Boston Scientific Price Prediction
The Boston Scientific rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.
Disclosure: the author holds no position in BSX at the time of publication.
If you are a Registered Investment Advisor (RIA) or a serious investor interested in taking your investing to the next level, learn more about the MAPsignals process here.
This article was originally posted on FX Empire
