Medtronic (MDT) another green Healthcare name today and sees 500 June $97.50/$85 bull risk reversals open at $0.40 credit. MDT has been rallying nicely along its 8 day EMA since the break higher above the key long term resistance at 82 and now looks to have space to run towards 95. The June $85 puts selling to open in that bull spread showing strong confidence in owning stock at that level which would be a dip back to the 8 week EMA with the weekly chart in breakout mode and the longer term inverted bottom pattern playing out after the recent weekly MACD bull cross. MDT is a $115B Medtech leader that trades at 16.2x earnings, 4.0x sales and has a solid 3.15% dividend yield that is now more attractive to income investors with treasury rates coming down quickly. Barclays has $105 target and expects the company’s fiscal 2025 second half to feature accelerating earnings growth driven by a broad pipeline of innovative new products and easing currency hedging expense. The firm thinks these dynamics will drive increased investor interest and improving stock performance over the next 12 months.