• Return to Headlines

Medtronic Plc (MDT) Breaks Through Support at $87.78

By Amy Schwartz

Shares of Medtronic Plc (NYSE:MDT) have bearishly opened below the pivot of $88.44 today and have reached the first support level of $87.78. Should the shares continue to fall, the support pivots of $87.46 and $86.48 will be of interest.

There is potential upside of 4.7% for shares of Medtronic Plc based on a current price of $87.61 and an average consensus analyst price target of $91.71. The stock should find initial resistance at its 50-day moving average (MA) of $89.14 and further resistance at its 200-day MA of $91.57.

Over the past year, Medtronic Plc has traded in a range of $81.66 to $100.15 and is now at $87.61, 7% above that low. The 200-day and 50-day moving averages have moved 0.03% lower and 0.4% lower over the past week, respectively.

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

Keywords: pivot alerts medtronic plc

Ticker(s): MDT