Boston Scientific is a developer, manufacturer and marketer of medical devices that are used in a range of interventional medical fields. Co.'s businesses include: Endoscopy, which develops and manufactures devices to diagnose and treat gastrointestinal and pulmonary conditions; Urology and Pelvic Health, which develops and manufactures devices to treat various urological and pelvic conditions; Cardiac Rhythm Management, which develops and manufactures implantable devices that monitor the heart and deliver electricity to treat cardiac abnormalities; and Neuromodulation, which develops and manufactures devices to treat various neurological movement disorders and manage chronic pain.
When researching a stock like Boston Scientific, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from BSX Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for BSX stock — the real life supply and demand for the stock over time — and examines that data in different ways. |
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Video: Technical Analysis