Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $72.00 short call and a strike $77.50 long call offers a potential 15.06% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.78 would be incurred if the stock rose above the $77.50 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 46.16 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Medtronic
Medtronic shareholders OK $48 billion Covidien acquisition
Wed, 07 Jan 2015 03:35:09 GMT
Medtronic shareholders OK $48 billion Covidien acquisition
Wed, 07 Jan 2015 03:35:09 GMT
Announcement under Irish Takeover Rules — Results of Covidien plc's Shareholder Meetings
Tue, 06 Jan 2015 20:35:47 GMT
noodls – Announcement under Irish Takeover Rules — Results of Covidien plc's Shareholder Meetings This Announcement is Being Made Solely to Comply with the Requirements of the Irish Takeover Rules. the Information …
Medtronic shareholders approve $43B Covidien acquisition
Tue, 06 Jan 2015 17:10:11 GMT
Medtronic Shareholders Approve Proposals Related to Medtronic's Acquisition of Covidien
Tue, 06 Jan 2015 16:22:29 GMT
noodls – Medtronic Shareholders Approve Proposals Related to Medtronic's Acquisition of Covidien MINNEAPOLIS – Jan. 6, 2015 – Medtronic, Inc. (NYSE: MDT) announced that all proposals related to Medtronic's acquisition …
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