MDT pushes through prior session high


Medtronic plc. (MDT) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team

Highlights

MDT closes above its opening price after recovering from early selling pressure
MDT closes higher for the 3rd day in a row
MDT pushes through previous session high
MDT rises to highest close since Inception
MDT ends the day indecisive

Overview

Moving higher for the 3rd day in a row, MDT ended the week 0.72% higher at 97.01 after gaining $0.06 (0.06%) today. Today's closing price of 97.01 marks the highest close since Inception. Trading up to $0.30 lower after the open, Medtronic plc managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Thursday's high at 97.00, the share confirms its breakout through the prior session's high having traded $0.28 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily Candlestick Chart (MDT as at Sep 14, 2018):

Daily technical analysis candlestick chart for Medtronic plc. (MDT) as at Sep 14, 2018

Friday's trading range was $0.63 (0.65%), that's below last trading month's daily average range of $1.08. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.

Prices are trading close to a key support level at 96.50.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

With prices trading close to this year's high at 97.38, upside momentum could accelerate should the stock be able to break out to new highs for the year.


Market Conditions for MDT as at Sep 14, 2018

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MDT pushes through Thursday's high

Nov 16, 2018
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