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 2.88% return on risk over the next 22 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 $0.14 would be kept by the premium seller. The risk of $4.86 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 above 80 which suggests that the stock is in overbought territory.
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Thu, 24 Oct 2013 18:34:00 GMT
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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
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