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Medtronic Bearish Moving Average Crossover Alert (MDT)

By Nick Russo

Today, shares of Medtronic (NYSE:MDT) have crossed bearishly below their 10-day moving average of $79.19 on a volume of 701K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Medtronic share prices have been bracketed by a low of $55.54 and a high of $80.74 and are now at $79.08, 42% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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