Medtronic (MDT) Offering Possible 15.21% Return Over the Next 15 Calendar Days

Medtronic's most recent trend suggests a bullish bias. One trading opportunity on Medtronic is a Bull Put Spread using a strike $106.00 short put and a strike $101.00 long put offers a potential 15.21% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $106.00 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock dropped below the $101.00 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 at 69.79 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Medtronic

Correction: Medtronic EVP & CFO Karen L. Parkhill to Speak at Morgan Stanley Global Healthcare Conference
Wed, 04 Sep 2019 01:07:42 +0000
The press release published today at 11:00 a.m. EDT contained the incorrect presentation time. The correct version is below. DUBLIN, Sept. 03, 2019 — Medtronic plc.

Medtronic, Other Medtech Providers Could Face Additional Tariffs
Tue, 03 Sep 2019 23:12:50 +0000
So far, the levies and prospect of additional tariffs have not cooled investors’ enthusiasm for the shares of industry members Continue reading…

Integra LifeSciences' Organic Growth Strong on New Products
Tue, 03 Sep 2019 15:04:03 +0000
Gaining traction from product unveilings and an improved sales force performance, Integra LifeSciences (IART) expects rapid organic growth in the second half of 2019.

Medtronic EVP & CFO Karen L. Parkhill to Speak at Morgan Stanley Global Healthcare Conference
Tue, 03 Sep 2019 15:00:00 +0000
DUBLIN, Sept. 03, 2019 — Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced it will participate in the Morgan Stanley 17th Annual Global.

Medtronic Names Next CEO as Omar Ishrak to Step Down in 2020
Tue, 03 Sep 2019 14:46:02 +0000
This is indeed a top story as during Omar's tenure, annual revenues of Medtronic (MDT) skyrocket to double-digit growth among a slew of enormous feats that he attains.

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