Relative Strength Soars On Medtronic Stock. Here's How To Get Bullish

Core Insights - Medtronic (MDT) stock has recently surged 2% to reach a 52-week high, indicating strong accumulation and a favorable environment for bullish option trades [1][9] - The stock received an upgrade in its Relative Strength (RS) Rating from 67 to 82, making it an attractive option for investors [1][9] - Medtronic reported revenues of approximately $33.5 billion in fiscal year 2025, serving over 79 million patients globally [7] Trading Strategy - A bull call spread strategy is recommended, involving buying a 105-strike call option at around $5.25 and selling a 115-strike call at approximately $1.60, resulting in a trade cost of $365 [2][3] - The maximum potential profit from this trade is $635, with a breakeven price of 108.65 [3][5] - The strategy is risk-defined, with a maximum loss of $365 if the stock closes below 105 on March 20 [3][5] Performance Ratings - Medtronic holds a Composite Rating of 84 out of a possible 99, with an Earnings Per Share Rating of 56 and a Relative Strength Rating of 83, ranking first in its Medical – Products group [6] - The company is recognized for its development of medical devices and therapies addressing over 30 chronic conditions, including heart disease and diabetes [6][7]