dorfmanmaster

Medtronic & its 100sma

Long
dorfmanmaster Updated   
NYSE:MDT   Medtronic plc
The chart speaks for itself. 100sma has been held and tested multiple times.

RSI has not gone below 35 RSI .

Giving it a little wiggle room makes sense to avoid getting stopped out. The ATR ( average true range ) is 2 points. So a stop below $127 could potentially provide enough room.
Trade closed: stop reached:
Stopped out.

Re-purchasing if we go over the 100sma again soon.
Comment:
Short-term bearish scenario in play as we test 100sma; now working as resistance
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