Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $64.00 short call and a strike $69.00 long call offers a potential 11.11% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $64.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock rose above the $69.00 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 41.68 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Medtronic
US stocks finish lower after topsy-turvy week
Fri, 26 Sep 2014 23:02:24 GMT
For Heart Monitor Implant, Medtronic Thinks Very Small
Thu, 25 Sep 2014 23:50:33 GMT
Dealpolitik: How New Inversion Rules Affect Medtronic's Deal With Covidien
Thu, 25 Sep 2014 16:21:30 GMT
Medtronic Announces $6 Million Philanthropic Effort to Prevent and Control Rheumatic Heart Disease
Thu, 25 Sep 2014 15:01:09 GMT
Thomson Reuters ONE – $6 Million Marks the Largest Private-Sector Contribution to Date to Address One of the World`s Most Neglected, Yet Preventable, Diseases Affecting the World`s Poor MINNEAPOLIS – September 25, 2014 – Medtronic …
UPDATE: Bank Of America Reinstates Coverage Of Medtronic, Inc.
Thu, 25 Sep 2014 13:04:53 GMT
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