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Medtronic Plc Crosses Below its 10-day MA (MDT)

By Nick Russo

Today, shares of Medtronic Plc (NYSE:MDT) have crossed bearishly below their 10-day moving average of $98.28 on a volume of 613K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Medtronic Plc have traded between a low of $81.66 and a high of $100.15 and are now at $97.08, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Medtronic Plc on May 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $89.50. Since that recommendation, shares of Medtronic Plc have risen 10.5%. 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