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Becton Dickinson Crosses Below its 10-day MA (BDX)

By David Diaz

Becton Dickinson (NYSE:BDX) crossed under its 10-day moving average of $174.44 on a volume of 1.0 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.

In the past 52 weeks, shares of Becton Dickinson have traded between a low of $128.87 and a high of $177.77 and are now at $167.44, which is 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Becton Dickinson on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $143.14. Since that recommendation, shares of Becton Dickinson have risen 22.8%. We continue to monitor BDX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses becton dickinson

Ticker(s): BDX