Medtronic (MDT) Offering Possible 27.55% Return Over the Next 24 Calendar Days

Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 27.55% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $1.08 would be kept by the premium seller. The risk of $3.92 would be incurred if the stock rose above the $80.00 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 70.3 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Medtronic

4:05 am Medtronic receives CE Mark for HawkOne directional atherectomy system
Tue, 24 Jan 2017 09:05:00 GMT

Medtronic Announces CE Mark for New Lower Profile HawkOne 6F Directional Atherectomy System
Tue, 24 Jan 2017 09:01:01 GMT
GlobeNewswire – Expands Treatment Options for Patients in Europe with Peripheral Artery Disease Both Above and Below the Knee DUBLIN – Jan. 24, 2017 – Medtronic plc (NYSE: MDT) today announced CE ( Conformité Européene …

Dow Chemical, Honeywell, Medtronic Not Done Rallying
Thu, 19 Jan 2017 10:59:00 GMT

[$$] POPS Diabetes Care Raises $1.2 Million for Blood-Glucose Testing
Wed, 18 Jan 2017 23:26:37 GMT

Medtronic Announces CE Mark and European Launch of Recaptureable TAVI System Now Available for Severe Aortic Stenosis Patients with Large Anatomies
Tue, 17 Jan 2017 14:31:01 GMT
GlobeNewswire – Larger Device Offers Treatment to Patients Without a Previous TAVI Option DUBLIN – Jan. 17, 2017 – Medtronic plc (NYSE:MDT) today announced the CE (Conformité Européenne) mark and European launch of the …

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