For today's chart we've chosen to take a look at Boston Scientific Corp.
) because a double top
pattern has formed on the chart. As you can see from the chart below, the price has not broken below the $15.25 support, but if it does then traders would watch for a continued move toward the swing low
near $14. We've also applied the 200-day moving average because this level will likely act as a barrier to a short-term move higher and could be used to confirm the lack of bullish conviction that stands in the way of a move lower.