Health Care Equipment Stocks Technical Insight - Medtronic, Abbott Laboratories, Hologic, ResMed, and Covidien
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LONDON, October 31, 2014 /PRNewswire/ --
Investor-Edge has initiated coverage on the following equities: Medtronic Inc. (NYSE: MDT), Abbott Laboratories (NYSE: ABT), Hologic Inc. (NASDAQ: HOLX), ResMed Inc. (NYSE: RMD), and Covidien PLC (NYSE: COV). Free research on these five companies can be accessed at: http://investor-edge.com/register. The US markets on Thursday, October 30, 2014, ended on a positive note as the Dow Jones Industrial Average finished at 17,195.42, up 1.30% and the NASDAQ Composite closed at 4,566.14, up 0.37%. The S&P 500 finished the session 0.62% higher at 1,994.65. During the trading session, nine out of ten sectors finished on a higher note. The S&P 500 Health Care Sector Index ended the day at 774.91, up 1.81%, with the index gaining 7.78% in the previous three months. Register for your complimentary reports on these five stocks at:
Medtronic Inc.'s stock edged 0.58% higher, to close the day at $67.43, hitting a new 52-week high of $67.75. The stock recorded a trading volume of 5.55 million shares, below its three months average volume of 9.00 million shares. The company's shares oscillated between $66.59 and $67.75 during the session. Over the last three trading sessions and over the past one month, Medtronic Inc.'s shares have advanced 1.77% and 8.85%, respectively. Further, the stock has gained 17.49% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. Medtronic Inc.'s shares 50-day moving average of $64.36 is above its 200-day moving average of $61.33. Additionally, the stock traded at a PE ratio of 17.33 and has a Relative Strength Index (RSI) of 62.59. Sign up and read the free notes on MDT at:
On Thursday, shares in Abbott Laboratories recorded a trading volume of 3.82 million shares, lower than its three months average volume of 4.61 million shares. The stock ended the day at $43.49, which was 1.75% above its previous day's closing of $42.74, and registered an intraday range of $42.53 and $43.52. Shares of the company traded at a PE ratio of 28.24. Abbott Laboratories' stock has gained 2.96% in the previous three trading sessions, 4.57% in the last one month, and 13.46% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $42.20 and $40.28, respectively. Furthermore, shares of Abbott Laboratories have an RSI of 57.25. The complimentary notes on ABT can be downloaded as in PDF format at:
Hologic Inc.'s stock edged 0.70% higher to end Thursday's session at $25.92. The stock recorded a trading volume of 1.06 million shares, below its three months average volume of 2.11 million shares. The company's shares fluctuated between $25.53 and $25.99 during the session. Hologic Inc.'s shares have gained 15.97% since the beginning of 2014. Further, the stock has advanced 2.82% over the previous three trading sessions and 6.54% in the last one month. The stock is trading above its 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $24.62 is above its 200-day moving average of $23.59. Hologic Inc.'s shares have an RSI of 62.55. Register for free on Investor-Edge and access the latest research on HOLX at:
On Thursday, shares in ResMed Inc. fluctuated between $51.38 and $52.14 before ending the session 0.58% higher at $52.11. The stock reported a trading volume of 0.76 million shares, lower than its three months average volume of 1.05 million shares. Shares of the company traded at a PE ratio of 21.36. ResMed Inc.'s shares have gained 1.09% in the previous three trading sessions, 5.76% in the last one month, and 10.68% on YTD basis. The stock is trading above its 50-day and 200-day moving averages of $50.72 and $48.67, respectively. Moreover, shares of ResMed Inc. have an RSI of 60.58. The complete research on RMD is available for free at:
Covidien PLC's stock finished Thursday's session 0.09% lower at $91.61. A total of 3.34 million shares were traded, which was below its three months average volume of 5.25 million shares. The stock vacillated between $90.71 and $92.12 during the session. Over the last one month and over the previous three months, Covidien PLC's shares have advanced 5.90% and 5.06%, respectively. Additionally, from the beginning of 2014, the stock has gained an upside of 34.52%. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $89.41 is greater than its 200-day moving average of $79.54. Covidien PLC's stock traded at a PE ratio of 23.55 and has an RSI of 55.69. Free in depth research on COV is available at:
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