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Thursday, September 5, 2013

BSX


BSX is on my price relative watch list, has a very favorable volume pattern and a nice move today, with a potential target of 12.62, something that might have been an obvious buy. However, the momentum score on this is 10, and the total relative strength score is 49, not bad but not really good either. If my hypothesis that the higher the score, the more likely a stock is to out perform is correct, then I made a good decision not to buy this. If it is wrong, I probably let a damn good opportunity slip away. I will keep an eye on this to see how it turns out.

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