Medical device manufacturer Boston Scientific (BSX) has bounced sharply off of its March low, gaining over 50% in approximately four weeks. The stock is a frustrating one on a personal level as I had recommended it right as the market meltdown was starting. The recommendation went out to subscribers on February 24 and I recommended a stop at $37.50 based on the low from October. Needless to say the trade was stopped out and we took a small loss.

In hindsight, my stop was a little tighter than usual, but seeing the stock drop all the way down to $24.10, the trade would have hit almost any reasonable stop I could have set.

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