• Return to Headlines

Becton Dickinson Set to Possibly Pullback After Yesterday's Rally of 1.16%

By Amy Schwartz

Becton Dickinson (NYSE:BDX) traded in a range yesterday that spanned from a low of $191.60 to a high of $194.04. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $193.71 on volume of 440,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Becton Dickinson has traded in a range of $128.87 to $194.11 and is now at $193.95, 50% above that low. The 200-day and 50-day moving averages have moved 0.19% higher and 0.83% higher over the past week, respectively.

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 12.1%. We continue to monitor BDX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders becton dickinson

Ticker(s): BDX