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Bearish Moving Average Cross by Medtronic (MDT)

By David Diaz

Today, shares of Medtronic (NYSE:MDT) have fallen below their 10-day MA of $83.64 on a volume of 1.3 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Medtronic has traded in a range of $55.54 to $89.27 and is now at $83.52, 50% above that low. The 200-day and 50-day moving averages have moved 0.07% higher and 0.33% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Medtronic and will alert subscribers who have MDT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Medtronic

Ticker(s): MDT