• Return to Headlines

Medtronic Plc Bearish Moving Average Crossover Alert (MDT)

By Amy Schwartz

Today, shares of Medtronic Plc (NYSE:MDT) have fallen below their 10-day MA of $90.67 on a volume of 576K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Medtronic Plc has traded in a range of $76.41 to $91.50 and is now at $90.43, 18% above that low. The 200-day and 50-day moving averages have moved 0.20% higher and 0.24% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Medtronic Plc on May 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.79. Since that recommendation, shares of Medtronic Plc have risen 8.7%. We continue to monitor MDT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses medtronic plc

Ticker(s): MDT