Medtronic's most recent trend suggests a bullish bias. One trading opportunity on Medtronic is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 12.11% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $55.00 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 above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Medtronic
Medtronic Seeking Long-Distance Runners Who Benefit From Medical Technology
Mon, 10 Mar 2014 15:01:01 GMT
Thomson Reuters ONE – “Global Heroes” Receive Entry and Travel to the Medtronic Twin Cities Marathon or Medtronic TC 10 Mile in October MINNEAPOLIS – March 10, 2014 – Medtronic, Inc. (NYSE: MDT) announced today applications …
OxySure's Improving Financials & Operational Milestones Paint a Bullish Picture
Mon, 10 Mar 2014 13:00:00 GMT
Accesswire – Whitefish, MT / March 10, 2014 / The healthcare industry has been attracting record amounts of capital in 2014, driven by biotechnology and pharmaceutical companies bringing new products to market. In …
MEDTRONIC INC Financials
Fri, 07 Mar 2014 18:04:15 GMT
Medtronic Wins European Patent Fight Against Edwards
Fri, 07 Mar 2014 01:57:56 GMT
Medtronic CFO Gary Ellis to Speak at Barclays Global Healthcare Conference
Thu, 06 Mar 2014 19:01:01 GMT
Thomson Reuters ONE – MINNEAPOLIS – Mar 6, 2014 – Medtronic, Inc. (NYSE: MDT), the world`s leading medical technology company, today announced it will participate in the Barclays Global Healthcare Conference on Wednesday, March …
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