COV Crosses Below Key Moving Average Level

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:

Click here to find out which 9 other stocks recently crossed below their 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 $50.40 per share, with $68.83 as the 52 week high point — that compares with a last trade of $61.33.

According to the ETF Finder at ETF Channel, COV makes up 7.67% of the iShares Dow Jones U.S. Medical Devices Index Fund ETF ( IHI) which is trading lower by about 2.4% on the day Thursday.

If you liked this article you might like

Jim Cramer -- Deal Activity in Specialty Pharma Reaches a Frenzied Pace

Mallinckrodt Buys Ikaria in $2.3 Billion Hospital Treatment Deal

Stryker and Smith & Nephew Are the Stars to Watch in Medtech's 2015 Merger Dance

Medtronic Avoids U.S. Taxes While Saddling Shareholders With a Hefty Tax Bill

Trim Positions in Stryker Ahead of Fourth-Quarter Earnings; Buy on Pullback