Medtronic Offering Possible 16.55% Return Over the Next 24 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 16.55% return on risk over the next 24 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 $0.71 would be kept by the premium seller. The risk of $4.29 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 79.51 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

Medtronic draws bulls before report
Thu, 24 Oct 2013 08:47:16 GMT
optionMONSTER – Medtronic is drawing bullish option activity ahead of an investor update scheduled for next week. optionMONSTER's Heat Seeker system identified heavy buying as more than 3,700 December 60 calls traded …

The Cardiologist Who Spread Heart Disease
Thu, 24 Oct 2013 04:01:00 GMT
Bloomberg – Mehmood Patel still wakes up early, just as he did when he was a popular heart specialist seeing patients who waited hours for minutes of his time.

Boston Scientific Will Cut 1,100 to 1,500 Jobs by 2015
Wed, 23 Oct 2013 21:52:23 GMT
Bloomberg – Boston Scientific Corp., the second- biggest maker of heart devices, plans to fire an additional 1,100 to 1,500 workers through 2015 as part of a new restructuring program, the company said in a regulatory …

MEDTRONIC INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Wed, 23 Oct 2013 21:16:48 GMT

C.R. Bard reaches new 52-week high after results top estimates
Wed, 23 Oct 2013 17:05:34 GMT
theflyonthewall.com – C.R. Bard reaches new 52-week high after results top estimates

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