Bull Flag&Breakout For Medtronic Plc Just Another Reason To LongMedtronic Plc has recently agreed to acquire all outstanding shares of spinal surgery device maker, Medicrea at €7.00/share, representing a 22% premium over Friday's closing price. This merger and acquisition has driven the share price to move up as well as giving the stock a promising future amidst the advent of second wave of the pandemic which most of the analysts foresee the economy to be worse than before.
Key Trading Plan:
Since the price has broken the trend line, wait for pull back to the support level of 94.67, and LONG the stock with the Take Profit Target of 104.88 (Key Resistance Level).
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