Medtronic (MDT) Offering Possible 6.16% Return Over the Next 19 Calendar Days

Medtronic's most recent trend suggests a bullish bias. One trading opportunity on Medtronic is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 6.16% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $55.00 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 50.32 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Medtronic

7:09 am Medtronic begins initial European market launch of first combined glucose sensor and insulin infusion set for people with diabetes
Tue, 03 Jun 2014 11:09:00 GMT

[$$] Humana Files RICO Claim Over Medtronic Bone Drug
Tue, 03 Jun 2014 04:45:57 GMT
The Wall Street Journal – Health insurer Humana is alleging that Medtronic violated the federal racketeering statute by conspiring with prominent physicians to promote unapproved uses of its bone-growth drug.

Medtronic Sued by Humana Over Bone-Graft Product
Mon, 02 Jun 2014 23:29:18 GMT

MEDTRONIC INC Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial Statemen
Mon, 02 Jun 2014 20:03:34 GMT

Humana sues Medtronic over Infuse bone growth product
Mon, 02 Jun 2014 19:48:58 GMT
Reuters – Managed care company Humana Inc has filed a lawsuit against Medtronic Inc accusing the medical device maker of falsely representing its Infuse bone growth-stimulation product as safe and effective in spinal fusion surgeries. The suit, filed on Friday in federal court in Tennessee, alleges that Medtronic paid for academic literature that fraudulently portrayed the product as safe and effective for uses not approved by the U.S. Food and Drug Administration. Humana said it paid for the use of Infuse, a bioengineered bone protein, when less expensive and more medically sound alternative procedures were available. It said Medtronic engaged in a “sophisticated and deeply deceptive marketing strategy” to expand the market for Infuse, paying and encouraging spine surgeons to use the product by overstating its benefits while minimizing serious risks.

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