Medtronic (MDT) Offering Possible 9.17% Return Over the Next 19 Calendar Days

Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $63.50 short call and a strike $68.50 long call offers a potential 9.17% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $63.50 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock rose above the $68.50 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 32.6 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

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GlobeNewswire – NEW YORK — Levi & Korsinsky notifies investors of Covidien plc (“Covidien” or “the Company”) of claims of breaches of fiduciary duty and other violations of state law in connection …

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Thomson Reuters ONE – Building on Nearly a Decade of Growth, Partnership Allows Twin Cities In Motion to Continue to Expand and Enhance Race Events and Youth Programming MINNEAPOLIS – Sept. 29, 2014 – Medtronic and Twin Cities …

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