Medtronic (MDT) Offering Possible 10.62% Return Over the Next 24 Calendar Days

Medtronic's most recent trend suggests a bullish bias. One trading opportunity on Medtronic is a Bull Put Spread using a strike $62.50 short put and a strike $57.50 long put offers a potential 10.62% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $62.50 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock dropped below the $57.50 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 62.27 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

5:04 pm Medtronic announces that results from the CRYSTAL AF Clinical Trial have been published in The New England Journal of Medicine: continuous cardiac monitoring with the Reveal XT Insertable Cardiac Monitor was superior to standard of
Wed, 25 Jun 2014 21:04:00 GMT

Study Published in The New England Journal of Medicine Finds Medtronic Insertable Cardiac Monitors Detect Atrial Fibrillation in Stroke Patients Better Than Standard Care
Wed, 25 Jun 2014 21:01:01 GMT
Thomson Reuters ONE – MINNEAPOLIS – June 25, 2014 – Medtronic, Inc. (NYSE: MDT), today announced results from the CRYSTAL AF ( CRY ptogenic ST roke A nd under L ying A trial F ibrillation) Clinical Trial have been published …

The Covidien-Medtronic merger: Key background on Medtronic
Wed, 25 Jun 2014 21:00:06 GMT

The Covidien-Medtronic merger: Key background on Covidien
Wed, 25 Jun 2014 17:00:15 GMT

AbbVie cites tax break as a Shire deal motivator
Wed, 25 Jun 2014 16:50:49 GMT

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