Medtronic (MDT) Offering Possible 7.3% Return Over the Next 9 Calendar Days

Medtronic's most recent trend suggests a bullish bias. One trading opportunity on Medtronic is a Bull Put Spread using a strike $65.50 short put and a strike $60.50 long put offers a potential 7.3% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.50 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock dropped below the $60.50 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 67.3 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

Medtronic Records First CoreValve Evolut R Implant in US
Thu, 11 Sep 2014 18:20:07 GMT

How Will This New Rating Affect Medtronic (MDT) Stock Today?
Thu, 11 Sep 2014 13:28:00 GMT

Medtronic Named One of the World's Leading Companies for Sustainability
Thu, 11 Sep 2014 12:16:02 GMT
Thomson Reuters ONE – MINNEAPOLIS – Sept. 11, 2014 – Medtronic, Inc. (NYSE: MDT) was recognized as one of the world`s leading companies for sustainability with its ranking on the Dow Jones Sustainability World Index (DJSI World) …

Medtronic NC Euphora(TM) Coronary Balloon Receives FDA Clearance
Thu, 11 Sep 2014 12:02:01 GMT
Thomson Reuters ONE – Superior Deliverability i and Uncompromising Performance Distinguishes New Angioplasty Balloon New “Cath Lab Connect” Website Will Provide Catheter Lab Professionals with Educational Resources …

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