Medtronic (MDT) Offering Possible 5.42% Return Over the Next 8 Calendar Days

Medtronic's most recent trend suggests a bullish bias. One trading opportunity on Medtronic is a Bull Put Spread using a strike $79.50 short put and a strike $72.50 long put offers a potential 5.42% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $79.50 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $6.64 would be incurred if the stock dropped below the $72.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Medtronic is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Medtronic is bullish.

The RSI indicator is at 20.66 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Medtronic

Roundtable: 1 Stock Retirees Should Consider
Tue, 05 Sep 2017 22:13:00 +0000
What do IBM, Kinder Morgan, and Medtronic have in common? If you said "Low-risk investments with fantastic dividend policies," you're absolutely right.

Medtronic EVP & CVG President Mike Coyle to Speak at Wells Fargo Healthcare Conference
Tue, 05 Sep 2017 19:32:02 +0000
DUBLIN – September 5, 2017 – Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced that it will participate in the 2017 Wells Fargo Healthcare Conference on Thursday, September …

3 Big Stock Charts for Tuesday: Hershey Co (HSY), Juniper Networks, Inc. (JNPR) and Medtronic plc. Ordinary Shares (MDT)
Tue, 05 Sep 2017 15:44:35 +0000
The news has futures trading lower again and it will help to push a few stocks that were already walking a thin line between long-term bullish and bearish trends. Today’s three big stock charts review the technicals of Hershey Co (NYSE:HSY), Juniper Networks, Inc. (NYSE:JNPR) and Medtronic plc. Ordinary Shares (NYSE:MDT).  All three of these stocks have been threatening to break into longer-term technical trends, which should have investors moving them out of their portfolios now!  The next few days will act as the make-or-break for these companies and others as additional volatility starts to hit stocks. HSY shares are colliding with resistance at their 50- and 200-day moving average, which is likely to hold the stock at a new short-term low.

Medtronic (MDT) & Mazor Robotics Tie-Up Reaches Next Level
Tue, 05 Sep 2017 13:58:01 +0000
With an investment of $40 million as a third installment in Mazor Robotics, Medtronic (MDT) will become the exclusive worldwide distributor of the Mazor X system.

Medtronic’s Downward Revision to Its Fiscal 2018 Guidance
Tue, 05 Sep 2017 11:36:12 +0000
Medtronic’s (MDT) 2Q18 revenues are expected to be in the lower half of the company’s annual revenue growth range.

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