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Why Medtronic Has Been Stuck for Over 1,100 Days And What Lies Ahead

1. Medtronic's stock is stuck in a $75-$95 range for over 1,100 days. 2. Current consolidation is expected to last until late November this year. 3. Weak bullish momentum prevents stock from achieving a breakout phase. 4. Investors advised to exercise patience or avoid the stock for now. 5. Long-term holders may not see rewards until after November's cycle shift.

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FAQ

Why Bearish?

The ongoing stagnation suggests prolonged underperformance, akin to historical periods of consolidation in other stocks.

How important is it?

The article highlights a significant lack of momentum which could dissuade investors.

Why Short Term?

The situation is expected to last only until late November; hence, impact is of limited duration.

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