Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 14.68% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock rose above the $62.50 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for Medtronic
Quick Take: All Strategic Digital Health Investments Not Created Equal
Thu, 30 Jan 2014 18:53:00 GMT
In Stunning Win For Open Science, Johnson & Johnson Decides To Release Its Clinical Trial Data To Researchers
Thu, 30 Jan 2014 12:09:00 GMT
The Proposed Republican Replacement For ObamaCare Is A Big Tax Hike
Tue, 28 Jan 2014 21:14:00 GMT
Valiant Captivia Thoracic Stent Graft System From Medtronic Receives FDA Approval for Treating Aortic Dissections
Tue, 28 Jan 2014 19:45:04 GMT
Edwards' Sapien 3 Cleared in Europe
Tue, 28 Jan 2014 19:00:06 GMT
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