Medtronic (MDT) Offering Possible 11.61% Return Over the Next 31 Calendar Days

Medtronic's most recent trend suggests a bullish bias. One trading opportunity on Medtronic is a Bull Put Spread using a strike $63.50 short put and a strike $58.50 long put offers a potential 11.61% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $63.50 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 dropped below the $58.50 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 67.24 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

Greater Twin Cities United Way and Medtronic Join Forces to Advance Health Equity in Minnesota
Wed, 20 Aug 2014 20:37:01 GMT
Thomson Reuters ONE – MINNEAPOLIS – August 20, 2014 – Greater Twin Cities United Way today strengthened their long-standing commitment to improving the health and well-being of Twin Cities` communities by teaming …

Medtronic Chief Defends Deal for Irish Company
Wed, 20 Aug 2014 02:06:37 GMT

Medtronic CEO says Covidien deal good for U.S. economy
Tue, 19 Aug 2014 16:28:37 GMT

Medtronic 1Q profit drops almost 9 percent
Tue, 19 Aug 2014 14:46:24 GMT

Medtronic 1Q profit drops almost 9 percent
Tue, 19 Aug 2014 14:46:24 GMT

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