Medtronic (MDT) Offering Possible 7.99% Return Over the Next 6 Calendar Days

Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $128.00 short call and a strike $133.00 long call offers a potential 7.99% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $128.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $133.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Medtronic is bearish and the probability of a decline 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 46.24 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Medtronic

Medtronic Named One of the World's Best Workplaces for Innovators
Thu, 12 Aug 2021 18:16:06 +0000
Fast Company designation recognizes ‘cultures of innovation.’

Empowering Change Through Diversity Networks & ERGs
Wed, 11 Aug 2021 18:16:07 +0000
Diversity Networks and employee resource groups (ERGs) foster belonging for employees and support initiatives for a more inclusive Medtronic.

Medtronic (MDT) to Expand Neuroscience Line With XENT Buyout
Wed, 11 Aug 2021 11:58:11 +0000
Medtronic's (MDT) acquisition of Intersect ENT is intended to offer a wide-ranging variety of solutions to help surgeons treat CRS patients.

Using Enterprise-Augmented Reality Solutions to Solve Post-Pandemic Challenges
Tue, 10 Aug 2021 19:17:58 +0000
As the COVID-19 pandemic still looms over us globally, our technological landscape has grown exponentially, aiding in consumer adoption of the new standards of safety. From contactless healthcare services to life-enhancing virtual tools, researchers have made great strides in the development of augmented reality (AR) smart glasses. Science fiction movies have long toyed with the idea of wearable technology, but we’ve come a long way since then, the future is here. Currently, companies like Googl

Medtronic to Announce Financial Results for its First Quarter of Fiscal Year 2022
Tue, 10 Aug 2021 15:00:00 +0000
Medtronic plc (NYSE:MDT) announced today that it will report financial results for its first quarter of fiscal year 2022 on Tuesday, August 24, 2021. A news release will be issued at approximately 5:45 a.m. Central Daylight Time (CDT) and will be available at https://newsroom.medtronic.com. The news release will include summary financial information for the company's first quarter of fiscal year 2022, which ended on Friday, July 30, 2021.

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