Medtronic Offering Possible 5.71% Return Over the Next 39 Calendar Days

Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 5.71% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock rose above the $67.50 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 64.5 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Medtronic

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Tue, 14 Jan 2014 19:14:00 GMT
Investor's Business Daily – Stuck? Seek To Discover Who You Really Are Now

Medtronic CEO: Rich cadence of product launches in pipeline
Mon, 13 Jan 2014 21:47:00 GMT
CNBC – Omar Ishrak, Medtronic CEO, discusses implantable devices and opportunities in the U.S as well emerging markets.

NuVasive: 3 Different Insiders Have Sold Shares During The Last 30 Days
Mon, 13 Jan 2014 19:49:53 GMT
Seeking Alpha – In this article, I will feature one healthcare stock that has seen intensive insider selling during the last 30 days. Intensive insider selling can be defined by the following three criteria:

Medtronic to form panel after blood pressure device fails study
Mon, 13 Jan 2014 19:05:41 GMT
Reuters – Medtronic Inc on Monday said it will convene an independent panel of experts to make recommendations on the future of its experimental treatment for high blood pressure after the device failed to meet …

Medtronic sees FY14 total revenue growth 3%-4%, consensus $16.95B
Mon, 13 Jan 2014 17:51:09 GMT
theflyonthewall.com – Medtronic sees FY14 total revenue growth 3%-4%, consensus $16.95B

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