Medtronic's most recent trend suggests a bullish bias. One trading opportunity on Medtronic is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 10.13% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $50.00 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 31.34 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Medtronic
Analyst upgrade, not data hack, drives St. Jude Medical shares
Mon, 10 Feb 2014 19:12:00 GMT
How R&D Is Paying Off for These Medical-Device Makers
Sat, 08 Feb 2014 23:30:48 GMT
Edwards Lifesciences Corp. Still Trying To Regain Footing
Tue, 04 Feb 2014 23:32:22 GMT
Motley Fool – Edwards Lifesciences has struggled to meet growth expectations and Medtronic is breathing down its neck.
Boston Scientific Q4 Beats, But Stent Sales Weak
Tue, 04 Feb 2014 18:01:00 GMT
Investor's Business Daily – Boston Scientific Q4 Beats, But Stent Sales Weak
Edwards Lifesciences net down on costs
Mon, 03 Feb 2014 21:43:32 GMT
Reuters – Medical device maker Edwards Lifesciences Corp said on Monday that fourth-quarter net earnings declined from a year ago due to restructuring charges and costs for launching its next-generation replacement …
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