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 11.61% return on risk over the next 18 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 $0.52 would be kept by the premium seller. The risk of $4.48 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 27.11 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Medtronic
Crackdown on Apple in Ireland Opens Front on Tax Avoidance War
Tue, 30 Sep 2014 22:00:00 GMT
New tax rules may lead Medtronic to restructure deal
Tue, 30 Sep 2014 15:01:00 GMT
Will This Coverage Initiation Help Medtronic (MDT) Stock Today?
Tue, 30 Sep 2014 13:23:00 GMT
Coverage initiated on Medtronic by Needham
Tue, 30 Sep 2014 11:46:09 GMT
Itamar Medical sees growth in sleep disorder, heart markets
Tue, 30 Sep 2014 06:55:24 GMT
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