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Medtronic Bullish Moving Average Crossover Alert (MDT)

By James Quinn

Today, shares of Medtronic (NYSE:MDT) have crossed bullishly above their 10-day moving average of $88.34 on a volume of 536K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 $88.56, 59% above that low. 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 recommended that subscribers consider buying shares of Medtronic on December 3rd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $77.51. Since that recommendation, shares of Medtronic have risen 13.8%. We continue to monitor MDT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Medtronic

Ticker(s): MDT