By Doug Busch
Looking back at previous stock picks can offer a valuable lens into how ideas evolve once they meet real market conditions. Some have played out as expected while others have taken unanticipated paths. Each can provide insight into what's working, what isn't, and how the investing environment has shifted. Revisiting these calls isn't just about tracking performance, it's about refining the process and identifying where new opportunities may emerge.
This week we discuss the following picks:
-- Burlington Stores, introduced by Teresa Rivas in December. -- Boston Scientific, covered by Jacob Sonenshine last October. -- Pinterest, written by Jacob Sonenshine last June.
This note revisits past stock picks where new developments favor fresh
buy or sell signals. Read last weeks edition here .
Burlington Stores
The discount retailer is up 16% year to date and 40% over the past year. It trades just 2% off its all time high from August 2021. The stock is striving for its first five-week winning streak since last December. BURL has gained 25% since our recommendation.
The monthly chart shows how it has mostly outperformed consumer peers over the last decade on the ratio chart against the benchmark State Street SPDR Retail ETF. The 2021-2022 being the exception:
Round number theory came into play as the price broke above the long cup-with-handle pivot of $298.99, a pattern that took four years to form. Note the two bullish candlestick formations at the bottom of the cup. A bullish engulfing pattern occurred in October 2022, and a morning star occurred in November 2023.
One can enter this on a slight pullback at $325 and look for the stock to trade toward $550 by early 2027, a 64% gain from current prices. Remain bullish above $290. Burlington Stores was trading around $336 Wednesday.
Boston Scientific
The medical device company is down 32% year to date, but has gained over 220% in the last 10 years. Its inconsistency is nothing new as it hasn't produced a three-week winning streak in 12 months. Shares tumbled in late March after some discouraging data. BSX has fallen 36% since our recommendation.
Looking at the weekly chart, one can see it was a very steady performer until the start of the fourth quarter:
For two years previously, it was a clear winner as seen on the ratio chart against the iShares U.S. Medical Devices ETF (two weeks ago the ETF recorded a doji candle and it looks like the overall group is stabilizing). BSX's 50-week simple moving average started to slope lower at the start of 2026, and it has since slipped underneath its 200-week SMA. It has now met its measured move from the bearish rounded top breakdown. The last two weeks registered spinning tops, which indicate selling pressure is abating. The stock showed a bullish engulfing candle heading in to today's trading session.
Enter here and look for the stock to move toward $82 by the second half of 2026, corresponding to a 28% gain from current prices. Remain bullish above $59. Boston Scientific was trading around $64.50 Wednesday.
The social-media platform is down 28% over the past year but is trying to stabilize, showing a 3% increase over the past month. Bulls are digging in after weekly gains of 15% and 17% in February and March, thanks at least in part a stake by activist Elliott Management. The stock has fallen 46% since our recommendation.
Looking at the daily stock chart, the last two months have shown gradual improvement on the ratio chart against the State Street Communication Services Select Sector SPDR ETF:
PINS trades 53% below its 52 week high, near the round $40 mark where a bearish engulfing candle printed on Sept. 9, causing a 4% drop. That day also filled an upside gap from the Aug. 7 session. Yesterday, the stock recaptured its 50-day SMA and broke above a bullish falling wedge pattern. Note how it filled a gap from March 2, which completed a bullish island reversal.
Look for the stock to gravitate toward $25 by the second half, which would be a 34% gain from current prices. Remain bullish above $17.50. Pinterest was trading around $19.50 Wednesday.
Ultimately, the goal isn't perfection but continuous improvement. By using each outcome to sharpen our edge we can better position ourselves for what comes next.
Doug Busch is the senior technical analyst at Barron's Investor Circle . His technical view is added to stock picks, including those published exclusively for Investor Circle readers. A glossary of technical terms is updated regularly with new entries.
-- Stay tuned for the next live Q&A! Watch the Barron's Investor Circle page
for the sign-up link
-- Share your questions and thoughts in the "Conversation" section below to
engage directly with the author and our community
-- Receive alerts about more content from this author by clicking "Follow"
next to the author byline at top
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
By Doug Busch
Looking back at previous stock picks can offer a valuable lens into how ideas evolve once they meet real market conditions. Some have played out as expected while others have taken unanticipated paths. Each can provide insight into what's working, what isn't, and how the investing environment has shifted. Revisiting these calls isn't just about tracking performance, it's about refining the process and identifying where new opportunities may emerge.
This week we discuss the following picks:
-- Burlington Stores, introduced by Teresa Rivas in December. -- Boston Scientific, covered by Jacob Sonenshine last October. -- Pinterest, written by Jacob Sonenshine last June.
This note revisits past stock picks where new developments favor fresh
buy or sell signals. Read last weeks edition here .
Burlington Stores
The discount retailer is up 16% year to date and 40% over the past year. It trades just 2% off its all time high from August 2021. The stock is striving for its first five-week winning streak since last December. BURL has gained 25% since our recommendation.
The monthly chart shows how it has mostly outperformed consumer peers over the last decade on the ratio chart against the benchmark State Street SPDR Retail ETF. The 2021-2022 being the exception:
Round number theory came into play as the price broke above the long cup-with-handle pivot of $298.99, a pattern that took four years to form. Note the two bullish candlestick formations at the bottom of the cup. A bullish engulfing pattern occurred in October 2022, and a morning star occurred in November 2023.
One can enter this on a slight pullback at $325 and look for the stock to trade toward $550 by early 2027, a 64% gain from current prices. Remain bullish above $290. Burlington Stores was trading around $336 Wednesday.
Boston Scientific
The medical device company is down 32% year to date, but has gained over 220% in the last 10 years. Its inconsistency is nothing new as it hasn't produced a three-week winning streak in 12 months. Shares tumbled in late March after some discouraging data. BSX has fallen 36% since our recommendation.
Looking at the weekly chart, one can see it was a very steady performer until the start of the fourth quarter:
For two years previously, it was a clear winner as seen on the ratio chart against the iShares U.S. Medical Devices ETF (two weeks ago the ETF recorded a doji candle and it looks like the overall group is stabilizing). BSX's 50-week simple moving average started to slope lower at the start of 2026, and it has since slipped underneath its 200-week SMA. It has now met its measured move from the bearish rounded top breakdown. The last two weeks registered spinning tops, which indicate selling pressure is abating. The stock showed a bullish engulfing candle heading in to today's trading session.
Enter here and look for the stock to move toward $82 by the second half of 2026, corresponding to a 28% gain from current prices. Remain bullish above $59. Boston Scientific was trading around $64.50 Wednesday.
The social-media platform is down 28% over the past year but is trying to stabilize, showing a 3% increase over the past month. Bulls are digging in after weekly gains of 15% and 17% in February and March, thanks at least in part a stake by activist Elliott Management. The stock has fallen 46% since our recommendation.
Looking at the daily stock chart, the last two months have shown gradual improvement on the ratio chart against the State Street Communication Services Select Sector SPDR ETF:
PINS trades 53% below its 52 week high, near the round $40 mark where a bearish engulfing candle printed on Sept. 9, causing a 4% drop. That day also filled an upside gap from the Aug. 7 session. Yesterday, the stock recaptured its 50-day SMA and broke above a bullish falling wedge pattern. Note how it filled a gap from March 2, which completed a bullish island reversal.
Look for the stock to gravitate toward $25 by the second half, which would be a 34% gain from current prices. Remain bullish above $17.50. Pinterest was trading around $19.50 Wednesday.
Ultimately, the goal isn't perfection but continuous improvement. By using each outcome to sharpen our edge we can better position ourselves for what comes next.
Doug Busch is the senior technical analyst at Barron's Investor Circle . His technical view is added to stock picks, including those published exclusively for Investor Circle readers. A glossary of technical terms is updated regularly with new entries.
-- Stay tuned for the next live Q&A! Watch the Barron's Investor Circle page
for the sign-up link
-- Share your questions and thoughts in the "Conversation" section below to
engage directly with the author and our community
-- Receive alerts about more content from this author by clicking "Follow"
next to the author byline at top
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
April 16, 2026 01:25 ET (05:25 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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