Medtronic (MDT) Offering Possible 19.24% Return Over the Next 24 Calendar Days

Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $97.50 short call and a strike $105.00 long call offers a potential 19.24% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $6.29 would be incurred if the stock rose above the $105.00 long call 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 down which suggests that the medium-term momentum for Medtronic is bearish.

The RSI indicator is at 43.03 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Medtronic

Medtronic (MDT) Down 1.6% Since Last Earnings Report: Can It Rebound?
Sat, 20 Jun 2020 15:30:03 +0000
Medtronic (MDT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Medtronic Partners Foxconn to Scale Up Ventilator Production
Fri, 19 Jun 2020 14:14:02 +0000
Medtronic (MDT) enters into a partnership with Foxconn with an aim of providing 10,000 PB560 ventilators in the United States over the next year amid the pandemic-led surge in demand for the same.

Jeremy Grantham's Top Holdings as of the 1st Quarter
Thu, 18 Jun 2020 19:15:57 +0000
The guru sees a bubble forming amid the coronavirus rebound Continue reading…

Coronavirus update: 100 days since COVID-19 declared a pandemic, and U.S. has highest case and death tallies by a wide margin
Thu, 18 Jun 2020 19:07:00 +0000
A full 100 days since the official start of the coronavirus pandemic and the U.S. death toll is approaching 118,000, with new cases still climbing in 20 states, even as governors push to reopen more businesses.

Medtronic partners with Foxconn to boost ventilator production
Thu, 18 Jun 2020 12:44:50 +0000

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