Butcofski: The Replacement Parts Are Holding Up Well In Boston Scientific

Boston Scientific Corporation (NYSE: BSX) continues to act great from a technical or chart perspective.

$BSX is the symbol of this bad boy and they make many body parts that ex athletes like me need.

“We are a leading innovator of medical solutions that improve the health of patients around the world. Our products and technologies are used to diagnose or treat a wide range of medical conditions, including heart, digestive, pulmonary, vascular, urological, women’s health, and chronic pain conditions.”

Notice how it Breaks the down-trend, Tests it and then… Rinse & Repeat, to climb back up.

Monthly chart vs. the S&P 500 continues to be supportive, grinding along a Bullish trend line with a few bullish candles and now a possible month end Relative Strength breakout.

It looks encouraging that we will continue with a nice Absolute and Relative chart Breakout; and that is beautiful considering the flat market over this past year!

Hope you all had a fantastic and fun filled Christmas weekend. Was Santa good to you too?

As always, the full time work Kim and I put into the site is so that our followers can reap the rewards the market gives. We have many exciting things in store for you to equip you with the next generation tools you need to reap the spoils.

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