Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $72.50 short call and a strike $77.50 long call offers a potential 23.46% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 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 45.39 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Medtronic
Inogen Powers Up Medical Products Stocks With Oxygen
Mon, 05 Jan 2015 21:37:00 GMT
MEDTRONIC INC Files SEC form 8-K, Other Events
Mon, 05 Jan 2015 21:02:56 GMT
Medtronic CEO Omar Ishrak to Speak at J.P. Morgan Healthcare Conference
Mon, 05 Jan 2015 19:01:01 GMT
Thomson Reuters ONE – MINNEAPOLIS – Jan 5, 2015 – Medtronic, Inc. (NYSE: MDT), the world`s leading medical technology company, today announced it will participate in the 33rd annual J.P. Morgan Healthcare Conference on Monday, …
Minnesota Investment Board Won't Support Medtronic-Covidien Deal
Mon, 05 Jan 2015 18:54:51 GMT
Medtronic Drug-Coated Balloon Receives FDA Approval for Treating Peripheral Artery Disease in Upper Leg
Mon, 05 Jan 2015 14:06:05 GMT
noodls – Medtronic Drug-Coated Balloon Receives FDA Approval for Treating Peripheral Artery Disease in Upper Leg Pivotal Study Shows New Medical Device Provides Exceptional Clinical Outcomes and Reduces Need for …
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