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Medtronic Plc (MDT) Breaks Through Resistance at $96.02

By Nick Russo

Medtronic Plc (NYSE:MDT) has opened bullishly above the pivot of $94.84 today and has reached the first level of resistance at $96.02. Analysts will be watching for a cross of the next upside pivot targets of $96.96 and $99.08.

Based on a current price of $95.08, Medtronic Plc is currently 3.5% above its average consensus analyst price target of $91.71. The stock should discover initial support at its 50-day moving average (MA) of $94.34 and subsequent support at its 200-day MA of $88.32.

Medtronic Plc share prices have moved between a 52-week high of $100.15 and a 52-week low of $76.41 and are now trading 24% above that low price at $95.08 per share. The 200-day and 50-day moving averages have moved 0.25% higher and 0.03% lower over the past week, respectively.

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