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MEDTRONIC INC
(MDT-NYSE):
Technical Viewpoint: From a low
of $41.00 on May 23, 2001 prices
rallied, reaching a
high of $45.50
on Jun 8, 2001. A
decline saw prices pull back, reaching a
low of
$43.30 on Jun 15, 2001.
Another rally saw prices penetrate
resistance, closing 6/19/01
at $46.71. Technicals: Momentum Index (MTM): A Buy Alert!
was given on Jun 6, 2001 when the solid line crossed the dotted line to the upside.
Support: Remains at $43.50. Resistance: Is at $47.50.
Point & Figure: Reversed to the upside on Jun 8, 2001. A P&F upside
reversal takes place at $45.00. Summary: Technical indicators have turned bullish. BUY! MEDTRONIC INC
(MDT-NYSE) @ $47.12 Stop: Use a protective stop of $44.62.
MEDTRONIC INC is currently trading @ $46.71 plus $1.69 on Jun 19, 2001. Price Objective:
$61.00. Risk/Reward: $2.50 VS. $19.88. Today's Risk Reward Ratio: 8:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61.00
Risk/Reward:
$2.50 VS. $19.88
Risk/Reward Ratio:
8:1
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