Stocks Under $10: Boston Scientific (BSX)

Richard Suttmeier Follow | Monday, 27 May 2013 04:27 (EST)

Boston Scientific (BSX) – ($9.08) has a Buy rating according to ValuEngine with fair value at $9.66, which makes the stock 6.00% undervalued. The one-year price target is $9.52. ValuEngine Profile – “Boston Scientific Corporation is a worldwide developer, manufacturer and marketer of minimally invasive medical devices. The company's products are used in a broad range of interventional medical specialties, including cardiology, electrophysiology, gastroenterology, neuro-endovascular therapy, pulmonary medicine, radiology, urology and vascular surgery.”

Analysis – The daily chart for BSX shows overbought momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $8.37, $7.88 and $6.51. My weekly value level is $8.55 with no risky levels.

Courtesy of Thomson / Reuters

Ticker	Company Name	Mkt Price	Fair Value	One-Year Price Target	Last 12-Mon Retn (%)	5-Yr Avg Retn (%)	P/E Ratio
BSX	BOSTON SCIENTIFIC	9.08	9.66	9.52	53.64	-11.15	13.22

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Companies

	Symbol	Name	Price	Change	%	Volume
Follow	BSX	Boston Scientific Corporation	27.32	0.06	0.22	4,828,013	Trade
Follow	PRNAF	Prana Biotechnology Ltd	0.04	0.00	0.00	0

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