Click here: http://goo.gl/bnDP4e (for FREE Daily Trade Tips) From Hawkeye Traders, this is your FREE trading tip of the day, with Mike Smith. Welcome to today's trading tip with Mike Smith we are looking at Medtronic MDT and as you see we have been really downtrend we have approached a T line that broke through on Friday you notice on the 2 day chart on which it is clear you can see here is that clear line in the sand was resistance in March in February and right through December so we broke a key point and you can see it continues on the weekly chart that on there so this break above $79 looks significant for this particular stock -no green volume on all 3 timeframes not surprisingly because it has been an uptrend now for best part of 3 weeks. So we have got uptrend on the daily uptrend on 2 day congestion on the weekly not surprisingly because big trading within this range so long so we may well get a change during the week if we get a break higher, we will be looking to potentially enter a position on a break of Friday around about that $79.60 level to the stock itself very optional not due to report on until middle of May so plenty of time for it to move up here and so we might be tempted with a straight $80 bull call spread , bid/ask spread only 4-5 cents sufficiently liquid also potentially considerers well with earnings in the relatively near future we probably for a straight bull call scalp profit and that is our tip for today amongst all the others have another look at and that is just one of the trades and consider for today. https://youtu.be/92x_g88Z9ig options, option, options trading, stock, stocks, stock trading, options alert, technical analysis, options strategies, options trading strategies, how to trade options, trading options
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