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Recent 52-Week High Exceeded in Shares of Becton Dickinson (BDX)

By Amy Schwartz

Shares of Becton Dickinson (NYSE:BDX) traded today at $194.42, breaking its 52-week high. So far today approximately 167,000 shares have been exchanged, as compared to an average 30-day volume of 885,000 shares.

Becton Dickinson (NYSE:BDX) is currently priced 2.6% above its average consensus analyst price target of $189.07. The stock should discover initial support at its 50-day moving average (MA) of $153.96 and subsequent support at its 200-day MA of $147.03.

Becton, Dickinson and Company manufactures and sells a variety of medical supplies and devices and diagnostic systems. The Company's products are used by health care professionals, medical research institutions, and the general public. Becton's products are marketed worldwide.

Over the past year, Becton Dickinson has traded in a range of $128.87 to $194.42 and is now at $194.14, 51% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Becton Dickinson on January 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $170.63. Since that recommendation, shares of Becton Dickinson have risen 13.4%. We continue to monitor BDX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows becton dickinson

Ticker(s): BDX