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Watch for Shares of Becton Dickinson (BDX) to Approach Resistance at $249.77

By James Quinn

Shares of Becton Dickinson (NYSE:BDX) opened today above their pivot of $248.92 and have already reached the first level of resistance at $249.26. Investors may be interested in a cross of the next upside pivot targets of $249.77 and $250.62.

There is potential upside of 0.4% for shares of Becton Dickinson based on a current price of $249.64 and an average consensus analyst price target of $250.72. The stock should find initial support at its 200-day moving average (MA) of $240.73 and further support at its 50-day MA of $233.94.

Becton Dickinson share prices have moved between a 52-week high of $265.87 and a 52-week low of $208.62 and are now trading 20% above that low price at $249.64 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Becton Dickinson on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $226.42. Since that recommendation, shares of Becton Dickinson have risen 9.4%. We continue to monitor BDX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts becton dickinson

Ticker(s): BDX