Medtronic's most recent trend suggests a bullish bias. One trading opportunity on Medtronic is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 7.76% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $65.00 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 73.28 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Medtronic
Health care M&A leads global deal surge
Sun, 23 Nov 2014 14:01:18 GMT
Market getting a little toppy: Pro
Fri, 21 Nov 2014 20:50:00 GMT
Covidien Announces Mailing of Definitive Joint Proxy Statement/Prospectus
Fri, 21 Nov 2014 18:29:00 GMT
MEDTRONIC INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Fri, 21 Nov 2014 14:18:27 GMT
7 Trends Driving Global Health And Life Sciences In 2015
Fri, 21 Nov 2014 12:57:00 GMT
Forbes – There are presently massive shifts occurring in the competitive global landscape of health, and particularly in the life sciences. As we approach 2015, it is imperative that leaders in the health space understand the trends and shifts happening around them, not only in the US, but also in international markets,
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