Medtronic (MDT) Offering Possible 7.76% Return Over the Next 8 Calendar Days

Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 7.76% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 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 rose above the $70.00 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 43.17 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

Why Medtronic (MDT) Stock Is Gaining Today
Fri, 10 Oct 2014 18:36:00 GMT

Covidien Gets FDA Clearance for Patient Monitoring System
Fri, 10 Oct 2014 16:20:03 GMT

Medtronic, Covidien detail senior leadership plans
Fri, 10 Oct 2014 12:46:25 GMT

Medtronic, Covidien detail senior leadership plans
Fri, 10 Oct 2014 12:46:25 GMT

[$$] Medtronic's Omar Ishrak to Remain CEO After Covidien Acquisition
Fri, 10 Oct 2014 12:00:25 GMT

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