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SmarTrend Watching for Potential Pullback in Shares of Becton Dickinson After 1.16% Gain

By James Quinn

Becton Dickinson (NYSE:BDX) traded in a range yesterday that spanned from a low of $191.60 to a high of $194.04. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $193.71 on volume of 440,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Becton Dickinson on January 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $170.63. Since that recommendation, shares of Becton Dickinson have risen 12.1%. We continue to monitor BDX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Becton Dickinson have traded between a low of $128.87 and a high of $194.11 and are now at $193.95, which is 50% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.83% higher over the past week, respectively.

Keywords: rebounders becton dickinson

Ticker(s): BDX