Medtronic (MDT) Offering Possible 11.36% Return Over the Next 34 Calendar Days

Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $115.00 short call and a strike $125.00 long call offers a potential 11.36% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $115.00 by expiration. The full premium credit of $1.02 would be kept by the premium seller. The risk of $8.98 would be incurred if the stock rose above the $125.00 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 51.95 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 Sinks As Market Gains: What You Should Know
Wed, 13 Apr 2022 21:50:09 +0000
Medtronic (MDT) closed the most recent trading day at $110.46, moving -0.11% from the previous trading session.

Medtronic LABS and Partners Expand Healthcare Access in Kenya
Wed, 13 Apr 2022 21:31:12 +0000
Partnership aims to reduce barriers to care for hypertension and diabetes patients

The Zacks Analyst Blog Highlights Costco Wholesale, AstraZeneca, Medtronic, Sony Group, and Applied Materials
Mon, 11 Apr 2022 16:09:04 +0000
Costco Wholesale, AstraZeneca, Medtronic, Sony Group, and Applied Materials are part of top Analyst Blog.

Top Stock Reports for Costco, AstraZeneca & Medtronic
Fri, 08 Apr 2022 18:14:06 +0000
Today's Research Daily features new research reports on 16 major stocks, including Costco Wholesale Corporation (COST), AstraZeneca PLC (AZN), and Medtronic plc (MDT).

Medtronic's Portfolio Management Unlikely To Be A ‘Magic Bullet,' Says Needham
Fri, 08 Apr 2022 12:02:19 +0000
Needham published a report that pointed to previous comments from Medtronic plc's (NYSE: MDT) management that indicate the potential for changes in the coming year, with a spinoff of a large business considered an option. In its Q2 earnings call in November 2021, the company said the executive committee was spending “a lot more time” looking at portfolios and capital allocation. The Needham analysts said there might be smaller businesses or product lines in Medtronic's sights for exiting, but Di

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