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Hawk’s Nest

Med Tech Name Rebounding Off Lows Sees Large Call Buyer

by | Oct 6, 2022

Medtronic (MDT) buyers of 2000 November $85 calls at $3.15 today as the stock tries to regain monthly value area at 84.50. A close back above the 21 EMA near 85 can likely see a snapback move to 88.75 VPOC with potential to see the top end of value area tested at 92 on follow through. MDT has been beat up but now signs of bottoming with MACD seeing a bull cross this week and a strong weekly candle thus far developing.