$BDX in Trading range – Rectangle Chart Pattern

$BDX – Becton, Dickinson & Company is a company in the Health Technology sector that engages in developing, manufacturing, and selling medical supplies, devices, laboratory equipment, and diagnostic products used by healthcare institutions, physicians, clinical laboratories, and the pharmaceutical industry.

Market Capitalization 72.711B
Ownership Summary: 85.87% Institutional Ownership

TECHNICALS

$BDX has been in a trading range since January of 2021, and a Rectangle pattern has been forming since then. The price has been crossing up and down the 200 MA in the daily chart. A daily close above $267.00 will confirm a breakout from the resistance level of the rectangle, with a price target of $283.00. A daily close of $237.00 will confirm a breakdown from the support level of the rectangle, with a price target of $212.00.


Charts drawn using TradingView

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