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Medtronic Plc (MDT) Approaches New Upside Target of $88.60

By James Quinn

Shares of Medtronic Plc (NYSE:MDT) opened today above their pivot of $87.61 and have already reached the first level of resistance at $88.23. Analysts will be watching for a cross of the next upside pivot targets of $88.60 and $89.59.

There is potential upside of 3.7% for shares of Medtronic Plc based on a current price of $88.48 and an average consensus analyst price target of $91.71. Medtronic Plc shares have support at the 50-day moving average (MA) of $85.78 and additional support at the 200-day MA of $82.14.

In the past 52 weeks, shares of Medtronic Plc have traded between a low of $76.41 and a high of $88.82 and are now at $88.48, which is 16% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Medtronic Plc and will alert subscribers who have MDT in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts medtronic plc

Ticker(s): MDT