• Return to Headlines

SmarTrend Watching for Potential Rebound in Shares of Medtronic Plc After 1.44% Loss

By Nick Russo

Medtronic Plc (NYSE:MDT) traded in a range yesterday that spanned from a low of $93.85 to a high of $95.43. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $96.96 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Medtronic Plc share prices have moved between a 52-week high of $122.15 and a 52-week low of $72.13 and are now trading 30% above that low price at $93.61 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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