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Covidien Plc Breaks Below 200-Day Moving Average - Bearish for COV

By Market News Video Staff, Monday, August 1, 4:29 PM ET
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In trading on Monday, shares of Covidien Plc (NYSE:COV) crossed below their 200 day moving average of $49.50, changing hands as low as $49.11 per share. Covidien Plc shares are currently trading off about 1.7% on the day. The chart below shows the one year performance of COV shares, versus its 200 day moving average:

Covidien Plc 200 Day Moving Average Chart

Looking at the chart above, COV's low point in its 52 week range is $35.12 per share, with $57.65 as the 52 week high point — that compares with a last trade of $49.88.

COV operates in the Medical Instruments & Supplies sector, among companies like Teleflex Incorporated (NYSE:TFX) which is down about 2.4% today, and Sirona Dental Systems Inc (NASDAQ:SIRO) trading lower by about 0.2%. Below is a three month price history chart comparing the stock performance of COV, versus TFX and SIRO.

COV,TFX,SIRO Relative Performance Chart


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This Article's Word Cloud:   Average   Below   Covidien   Investment   Moving   NYSE   Portfolio   SIRO   Sirona   Systems   Teleflex   about   above   allows   among   asset   average   below   bonds   chart   classes   companies   completely   countries   currently   designed   growth   hands   history   leads   moving   operates   performance   point   portfolio   price   program   range   raquo   share   shares   short   slideshow   stocks   terms   trading   versus   week   with   year
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