• Return to Headlines

Medtronic Plc Rises 1.20% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Medtronic Plc (NYSE:MDT) traded in a range yesterday that spanned from a low of $109.90 to a high of $110.56. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $109.99 on volume of 545,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Medtronic Plc have traded between a low of $81.66 and a high of $112.05 and are now at $110.52, which is 35% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

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: rebounders medtronic plc

Ticker(s): MDT