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Medtronic Crosses Below its 10-day MA (MDT)

By Amy Schwartz

Medtronic (NYSE:MDT) crossed under its 10-day moving average of $88.04 on a volume of 805K 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 Medtronic have traded between a low of $55.54 and a high of $89.27 and are now at $87.72, which is 58% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

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 13.9%. 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