Medtronic (MDT) Offering Possible 16.82% Return Over the Next 17 Calendar Days

Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $63.00 short call and a strike $68.00 long call offers a potential 16.82% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $63.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock rose above the $68.00 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 31.97 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

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

UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Investors of Covidien plc of Class Action Against Its Board of Directors in Connection With the Sale of the Company to Medtronic, Inc. — COV
Mon, 29 Sep 2014 20:18:30 GMT
GlobeNewswire – NEW YORK — Levi & Korsinsky notifies investors of Covidien plc (“Covidien” or “the Company”) of claims of breaches of fiduciary duty and other violations of state law in connection …

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