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Medtronic Plc Set to Possibly Pullback After Yesterday's Rally of 1.47%

By Amy Schwartz

Medtronic Plc (NYSE:MDT) traded in a range yesterday that spanned from a low of $80.03 to a high of $80.94. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $80.24 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Medtronic Plc share prices have moved between a 52-week high of $89.72 and a 52-week low of $69.35 and are now trading 17% above that low price at $80.83 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

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