Medtronic (MDT) Offering Possible 8.23% Return Over the Next 26 Calendar Days

Medtronic's most recent trend suggests a bullish bias. One trading opportunity on Medtronic is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 8.23% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock dropped below the $52.50 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 30.94 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Medtronic

4:37 pm Medtronic: Federal Appeals Court agrees to Medtronic request to postpone injunction
Tue, 22 Apr 2014 20:37:00 GMT

[$$] Appeals Court Allows Medtronic to Keep Selling CoreValve Device
Tue, 22 Apr 2014 04:15:55 GMT
The Wall Street Journal – A federal appeals court delayed enforcement of an injunction that would have barred Medtronic from selling its new CoreValve heart device in the U.S.

U.S. court postpones injunction against Medtronic heart valve
Mon, 21 Apr 2014 23:52:44 GMT
Reuters – A U.S. appeals court on Monday postponed an injunction that would have stopped Medtronic Inc from selling its CoreValve heart valve implant in competition with Edwards Lifesciences Corp's Sapien valve product. The injunction, issued by a U.S. District Court in Delaware last week, would have taken effect on April 23. Earlier court decisions found Medtronic's product infringed on the Edwards valve. Monday's ruling means the injunction would take effect only if the appellate court determined it was properly issued, Medtronic said.

Injunction delay ‘temporary victory' for Medtronic, says Wells Fargo
Mon, 21 Apr 2014 22:47:25 GMT

Medtronic says CoreValve injunction is postponed
Mon, 21 Apr 2014 22:28:35 GMT

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