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Medtronic
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MDT
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$89.96
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+2.3%
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$87.64
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$91.15
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$87.58
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Mark L. Newton, CMT AC
Head of Technical Strategy
Fri, November 1, 2024 | 11:37AM ET
The US Equity rally has been fairly broad-based today, with more than 2.5/1 Advancing issues over declining, despite AAPL's mediocre report. Technology overall is higher by +1.5% and Healthcare is also showing sharp gains, leading all sectors, up by +1.71% with good gains out of CAH-0.25% A-1.04% , ABT1.31% , HOLX0.26% and MDT2.30% . SPX move, as can be seen, held the lower 2% Standard deviation Bollinger Band, and any gains back above this past Tuesday's lows near 5813, would spur on a push back to new highs. I feel that is likely into Election before any November volatility.
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Mark L. Newton, CMT AC
Head of Technical Strategy
Tue, November 21, 2023 | 3:29PM ET
MDT2.30% Medtronic is another healthcare name making a strong showing in Tuesday's trading, higher by 4.63% to 78.64, and along with WAT, MTD, A, XRAY, TMO are providing a big lift to Healthcare in today's session. Overall, technically there are reasons to be more optimistic about MDT given the break of the downtrend from August along with the ability to have recovered prior lows from December 2022 with 30 min left in today's (11/21) session. I expect a technical lift to the mid-80s before some consolidation takes hold. A great rise today and looks set to close near the highs of the session which is encouraging towards additional upside progress
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Last updated: 2025-02-21 16:50:01