In trading on Thursday, shares of Covidien plc (COV) crossed below their 200 day moving average of $61.43, changing hands as low as $61.16 per share. Covidien plc shares are currently trading off about 3.5% on the day. The chart below shows the one year performance of COV shares, versus its 200 day moving average:
COV Crosses Below Key Moving Average Level
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