[isatrader]

BSX was brought to my attention by one our new members - Amedee, and is a good example of what the Stage Analysis website is all about, as I would have missed it otherwise, as it was just short of the volume requirement that I look for, but looks promising none the less.

BSX had a strong Stage 2 advance in 2013 before it topped out after a 100%+ move and is now attempting to make a fresh Stage 2 breakout to new highs from a cup and handle type formation in the last six months or so. As I said, volume was just under the 2x weekly requirement, but relative performance versus the market has broken back above a flat zero line, and it's in a strong sub sector within Health Care, which is the strongest major sector currently.

It looks a little extended short term from last weeks breakout, and so I'd be looking for a pullback into the lower $14 zone for a potential entry point, as that would have a more acceptable distance to the stop loss position imo. But we don't always get what we want, so I'll be keeping an eye on this one during the week.