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Becton Dickinson Set to Possibly Rebound After Yesterday's Selloff of 2.68%

By James Quinn

Becton Dickinson (NYSE:BDX) traded in a range yesterday that spanned from a low of $241.28 to a high of $245.00. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $241.75 on volume of 301,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Becton Dickinson. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Becton Dickinson in search of a potential trend change.

In the past 52 weeks, shares of Becton Dickinson have traded between a low of $208.62 and a high of $264.74 and are now at $242.54, which is 16% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Keywords: rebounders becton dickinson

Ticker(s): BDX