Health Care Equipment and Supplies Stocks Technical Insight -- Research on Abbott Laboratories, Accuray, Medtronic, and Varian Medical Systems

LONDON, June 13, 2014 /PRNewswire/ --

On Thursday, June 12, 2014, the NASDAQ Composite ended at 4,297.63, down 0.79%, the Dow Jones Industrial Average edged 0.65% lower, to finish the day at 16,734.19, and the S&P 500 closed at 1,930.11, down 0.71%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Health Care Sector Index ended the day at 688.58, down 0.56%, while the index has advanced 1.97% in the last one month. Investor-Edge has initiated coverage on the following equities: Abbott Laboratories (NYSE: ABT), Accuray Inc. (NASDAQ: ARAY), Medtronic Inc. (NYSE: MDT) and Varian Medical Systems Inc. (NYSE: VAR). Free technical research on ABT, ARAY, MDT and VAR can be downloaded upon signing up at:

http://www.investor-edge.com/3753-register

Abbott Laboratories' stock edged 0.48% lower, to close the day at $39.81. The stock recorded a trading volume of 6.51 million shares, close to its three months average volume of 6.66 million shares. The stock oscillated between $39.66 and $40.04 during the session. Over the last one month and over the past three months, Abbott Laboratories' shares have gained 1.38% and 0.38%, respectively. Additionally, the stock has advanced 3.86% since the start of this year. The stock is trading above its 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $38.97 is greater than its 200-day moving average of $37.57. Additionally, the stock traded at a PE ratio of 22.58 and has a Relative Strength Index (RSI) of 56.82. Sign up today to read free research on ABT at:

http://www.investor-edge.com/3753-ABT-13Jun2014.pdf

On Thursday, Accuray Inc.'s stock recorded a trading volume of 0.42 million shares, lower than its three months average volume of 0.78 million shares. The stock ended the day at $8.79, which was 1.38% above its previous day's closing of $8.67, and registered an intraday range of $8.52 and $8.82. Accuray Inc.'s shares have advanced 3.29% in the previous three trading sessions and 6.16% in the last one month. Additionally, from the beginning of 2014, the company's stock has gained an upside of 1.03%. The company's stock is trading above its 50-day and 200-day moving averages of $8.53 and $8.35, respectively. Furthermore, shares of the company have an RSI of 54.44. Sign up today to read free research on ARAY at:

http://www.investor-edge.com/3753-ARAY-13Jun2014.pdf

Medtronic Inc.'s stock finished the Thursday's session 0.62% lower at $60.79. A total of 3.52 million shares were traded, which was below its three months average volume of 4.36 million shares. The stock moved between $60.62 and $61.32 during the session. Although, Medtronic Inc.'s shares have lost 0.33% in the last one month, it has advanced 1.60% in the previous three months and 5.92% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $60.14 is greater than its 200-day moving average of $57.59. Medtronic Inc.'s stock traded at a PE ratio of 16.13 and has an RSI of 52.90. Sign up today to read free research on MDT at:

http://www.investor-edge.com/3753-MDT-13Jun2014.pdf

On Thursday, shares in Varian Medical Systems Inc. traded between $80.53 and $81.72 before ending the session 0.45% higher at $81.69. Varian Medical Systems Inc.'s stock reported a trading volume of 0.43 million shares, below its three months average volume of 0.67 million shares. Shares of the company traded at a PE ratio of 20.75. Varian Medical Systems Inc.'s shares have fallen by 0.07% in the previous three trading sessions and 2.04% in the last one month. However, the stock has advanced 5.15% since start of this year. The stock is trading above its 50-day and 200-day moving averages of $81.58 and $78.95, respectively. Moreover, shares of the company have an RSI of 46.66. Sign up today to read free research on VAR at:

http://www.investor-edge.com/3753-VAR-13Jun2014.pdf

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