Tuesday, January 08, 2019 11:42:32 AM
Yesterday, leading medical device maker, Medtronic PLC (NYSE:MDT), plunged lower after presenting at the Annual J.P. Morgan Healthcare Conference. It should be noted that MDT stock was trading as high as $99.41 a share on December 4, 2018. Today, the stock is trading lower by 0.25 cents to $82.19 a share. Many traders are now watching the important 200 week moving average which is at $81.67 for support. While this may hold up in the near term the pattern ultimately suggests lower prices are in the cards for the stock. I will be waiting and watching for the $76.00 area for major chart support. This is where the stock was defended by the institutional money back in January 2017 and should be support again if retested.
Nick Santiago
InTheMoneyStocks
Recent MDT News
FEATURED POET Announces Design Win and Collaboration with Foxconn Interconnect Technology for High-speed AI Systems • May 14, 2024 10:09 AM
FEATURED Element79 Gold Corp Reports Exceptionally High-Grade Results from Lucero • May 14, 2024 7:00 AM
VAYK Added New Manager for Expansion into $64 Billion Domestic Short-term Rental Market • VAYK • May 14, 2024 9:00 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
