MDT can retest 200sma prior to earnings
MDT releases earnings on 5/19. After riding a somewhat vertical monthly line since 2012, it looks to have topped out.
Over the last two days it has lost the 100sma and continues to push lower. Next area of support is around the $71, currently coinciding with the 200sma.
Using the 7sma as a stop (highs of 5/6), target is $71 prior to earnings.
Over the last two days it has lost the 100sma and continues to push lower. Next area of support is around the $71, currently coinciding with the 200sma.
Using the 7sma as a stop (highs of 5/6), target is $71 prior to earnings.
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