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Shares of Medtronic Plc Rank the Highest in Terms of Relative Performance in the Health Care Equipment Industry (MDT , VAR , BAX , EW , ABMD )

By Amy Schwartz

We looked at the Health Care Equipment industry and measured relative performance to find the top stocks. Relative outperformance is a bullish sign of underlying fundamental and technical strength. We look at yesterday's price action of all companies in this peer group.

Medtronic Plc (NYSE:MDT ) ranks first with a gain of 0.87%; Varian Medical S (NYSE:VAR ) ranks second with a gain of 0.48%; and Baxter Intl Inc (NYSE:BAX ) ranks third with a gain of 0.45%.

Edwards Life (NYSE:EW ) follows with a gain of 0.24% and Abiomed Inc (NASDAQ:ABMD ) rounds out the top five with a gain of 0.21%.

SmarTrend recommended that subscribers consider buying shares of Abiomed Inc on October 24th, 2019 as our technology indicated a new Uptrend was in progress when shares hit $180.55. Since that recommendation, shares of Abiomed Inc have risen 21.6%. We continue to monitor Abiomed Inc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: relative performance medtronic plc varian medical s baxter intl inc edwards life abiomed inc