Dividend Channel
Market News Video Dividend Detective The Warren Buffetts Next Door Stock message boards
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

See Which Of The Latest 13F Filers Holds Medtronic
Thursday, November 9, 4:40 PM ET, by Market News Video Staff

At Holdings Channel, we have reviewed the latest batch of the 33 most recent 13F ...

Noteworthy ETF Inflows: IVE, MDT, ABT, GS
Wednesday, November 15, 10:47 AM ET, by Market News Video Staff

Symbols mentioned in this story: IVE, MDT, ABT, GS Exchange traded funds (ETFs) trade just ...

Medtronic (MDT) Shares Cross Above 200 DMA
Tuesday, November 21, 11:47 AM ET, by Market News Video Staff

In trading on Tuesday, shares of Medtronic PLC (MDT) crossed above their 200 day moving ...

Tuesday Sector Leaders: Healthcare, Industrial
Tuesday, November 21, 2:34 PM ET, by Market News Video Staff

In afternoon trading on Tuesday, Healthcare stocks are the best performing sector, up 0.9%. Within ...

Boston Scientific Enters Oversold Territory (BSX)
Tuesday, November 28, 4:19 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

  More articles:  1 2 next »

Shares of MDT Now Overbought

By Dividend Channel Staff, Friday, January 6, 3:59 PM ET
Play Video: Learn About The RSI

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

In trading on Friday, shares of Medtronic, Inc. (NYSE:MDT) entered into overbought territory, changing hands as high as $39.20 per share. We define overbought territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be overbought if the RSI reading rises above 70.

In the case of Medtronic, Inc., the RSI reading has hit 70.2 by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 57.6.

Investors could look at MDT's 70.2 reading as a sign that the recent heavy buying is in the process of exhausting itself, which could bring a pullback in the stock. The chart below shows the one year performance of MDT shares:

Medtronic, Inc. 1 Year Performance Chart

Looking at the chart above, MDT's low point in its 52 week range is $30.18 per share, with $43.33 as the 52 week high point that compares with a last trade of $39.06.

Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on MDT is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.

MDT Dividend History
Date Div*
01/04/12 0.243
10/05/11 0.243
07/06/11 0.243
04/06/11 0.225
01/05/11 0.225
10/06/10 0.225
07/07/10 0.225
04/07/10 0.205
01/06/10 0.205
10/07/09 0.205
07/08/09 0.205
04/01/09 0.188
12/30/08 0.188
10/01/08 0.188
07/01/08 0.188
04/02/08 0.125
01/02/08 0.125
10/03/07 0.125
07/03/07 0.125
04/03/07 0.110
01/03/07 0.110
10/04/06 0.110
07/05/06 0.110
04/05/06 0.096
01/04/06 0.096
10/05/05 0.096
06/29/05 0.096
03/30/05 0.084
01/05/05 0.085
09/29/04 0.085
06/30/04 0.085
03/31/04 0.073
12/30/03 0.073
10/01/03 0.073
07/01/03 0.073
04/02/03 0.063
12/31/02 0.058
10/02/02 0.063
07/02/02 0.063
04/03/02 0.058
01/02/02 0.058
10/03/01 0.058
07/03/01 0.058
04/04/01 0.050
01/03/01 0.050
12/19/00 0.001
10/04/00 0.050
07/05/00 0.050
04/05/00 0.040
01/05/00 0.040
10/06/99 0.040
06/30/99 0.040
04/07/99 0.033
01/06/99 0.033
10/07/98 0.033
06/30/98 0.033
04/07/98 0.028
01/07/98 0.028
10/08/97 0.028
07/01/97 0.028
04/02/97 0.024
01/08/97 0.024
10/09/96 0.024
07/02/96 0.024
04/02/96 0.016
01/03/96 0.016
10/04/95 0.016
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.

According to the ETF Finder at ETF Channel, MDT makes up 11.36% of the iShares Dow Jones U.S. Medical Devices Index Fund ETF (AMEX:IHI) which is trading up by about 0.4% on the day Friday.

See what other ETFs contain MDT
See what other stocks are held by IHI

MDT operates in the Medical Instruments & Supplies sector, among companies like Integra LifeSciences Holdings Corp (NASDAQ:IART) which is down about 19.2% today, and ArthroCare Corp. (ARTC) trading lower by about 0.4%. Below is a three month price history chart comparing the stock performance of MDT, versus IART and ARTC.

MDT,IART,ARTC Relative Performance Chart

Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes

This Article's Word Cloud:   ARTC   Channel   Corp   Dividend   Friday   IART   Index   Investors   Medical   Medtronic   Seven   about   above   afterLeftLabels   always   below   buying   changing   chart   chartBackgroundColor   clientId   could   data   dividend   escape   fillColor   heavy   high   history   judging   makes   movingAverages   other   overbought   performance   point   reading   recent   share   shares   stock   stocks   technical   territory   that   trading   week   what   which   with

Shares of MDT Now Overbought | www.DividendChannel.com | Copyright © 2010 - 2018, All Rights Reserved

Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.