Medtronic's most recent trend suggests a bearish bias. One trading opportunity on Medtronic is a Bear Call Spread using a strike $97.50 short call and a strike $103.00 long call offers a potential 25.57% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $1.12 would be kept by the premium seller. The risk of $4.38 would be incurred if the stock rose above the $103.00 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 49.86 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Medtronic
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VantagePoint Trading Journal: Medtronic Looks To Keep Going Higher
Mon, 01 Oct 2018 17:55:54 +0000
Shares of Medtronic PLC (NYSE: MDT) hit an all-time high of $100.15 on Wednesday, and the stock looks like it's primed to break it after going ex-dividend on Thursday. The fact that the blue line has remained above the black tells us that the stock is still in an uptrend. VantagePoint Software is a content partner of Benzinga.
How GlaxoSmithKline’s Pharmaceutical Business Performed
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GlaxoSmithKline’s (GSK) Pharmaceutical segment includes various products from different therapeutic areas including respiratory products, HIV products, immuno-inflammation products, and established products. During the second quarter of 2018, the Pharmaceutical segment reported a 1% increase in operating revenues to ~4.23 billion pounds.
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