Medtronic's most recent trend suggests a bullish bias. One trading opportunity on Medtronic is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 10.38% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $65.00 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 71.97 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Medtronic
Medtronic (MDT) Stock Price Target Increased Today at Jefferies
Wed, 19 Nov 2014 13:51:00 GMT
Company News for November 19, 2014
Wed, 19 Nov 2014 12:58:15 GMT
Stocks rally: Dow, S&P 500 set closing highs
Tue, 18 Nov 2014 23:26:10 GMT
Health Care dominates the Lg Cap All-Time Highs today…
Tue, 18 Nov 2014 21:41:35 GMT
Medtronic (MDT) Earnings Report: Q2 2015 Conference Call Transcript
Tue, 18 Nov 2014 19:00:00 GMT
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