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Medtronic Plc (MDT) Crosses Pivot Point Resistance at $97.94

By James Quinn

Shares of Medtronic Plc (NYSE:MDT) opened today above their pivot of $97.48 and have already reached the first level of resistance at $97.94. Investors may be interested in a cross of the next upside pivot targets of $98.39 and $99.30.

In the past 52 weeks, shares of Medtronic Plc have traded between a low of $81.66 and a high of $100.15 and are now at $97.55, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

Medtronic Plc (NYSE:MDT) is currently priced 6.0% above its average consensus analyst price target of $91.71. The stock should discover initial support at its 200-day moving average (MA) of $91.72 and subsequent support at its 50-day MA of $89.82.

SmarTrend recommended that subscribers consider buying shares of Medtronic Plc on May 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $89.49. Since that recommendation, shares of Medtronic Plc have risen 8.9%. We continue to monitor MDT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts medtronic plc

Ticker(s): MDT