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News Breaks
November 23, 2009
13:13 EDTMDT
theflyonthewall.com: Medtronic: Earnings release technical preview, very high gap risk, bull pattern
BULLISH CASE: There is a bullish flag in progress on the daily chart. Upside potential is to the $44 area. The pattern would no longer be active on a breakdown below $40. On better than expected news/outlook the stock could trade to resistance at $40.56, $41.29, $41.99, $42.68, $43.38, $44.06, $44.80, $45.50, $46.20, $46.94. BEARISH CASE: On worse than expected news/outlook the stock could trade to the bottom of the bullish flag pattern at $38.92. On a bearish breakdown below the price pattern, the following support levels would become downside objectives: $38.56, $37.94, $37.25, $36.47, $35.88, $35.24, $34.65, $34, $33.28, $32.75. NOTE: Small short-base at 2 days to cover, with 1.1% of the float short. Traders are positioned for positive news. Reactions on a surprise, especially a negative one given the active bullish pattern and small short-base, have a high probability of being extreme in duration and price. Very high gap risk. :theflyonthewall.com



News For MDT From The Last 14 Days
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February 11, 2012
12:53 EDTMDT
theflyonthewall.com: Medtronic seeks interest payment and royalties from NuVasive, Bloomberg says
Medtronic (MDT) filed a request in San Diego federal court seeking payment from NuVasive (NUVA) for interest on a past jury verdict and royalty payments form patent infringements, reports Bloomberg. Reference Link :theflyonthewall.com

February 8, 2012
08:02 EDTMDT
theflyonthewall.com: Medtronic stent led to 90% freedom from reinterventions at 12 months in study

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February 7, 2012
10:33 EDTMDT
theflyonthewall.com: Argus Research's healthcare analyst holds a conference call
Senior Healthcare Analyst Toung discusses healthcare and growth ideas for 2012 on an Analyst/Industry conference call. Relevant covered companies ABC, ABT, AET, BAX, BDX, BSX, CAH, CHSI, CI, ESRX, HMA, HOLX, HUM, IART, JNJ, MCK, MDT, MHS, STJ, SYK, UNH and ZMH may be included on the Analyst/Industry conference call to be held on February 8 at 11 am. :theflyonthewall.com

February 3, 2012
07:39 EDTMDT
theflyonthewall.com: Government report says some hospitals overpay for devices, WSJ says

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February 2, 2012
14:05 EDTMDT
theflyonthewall.com: FDA and industry reach agreement in principle on medical device user fees
The FDA and representatives from the medical device industry have reached an agreement in principle on proposed recommendations for the third reauthorization of a medical device user fee program. The recommendations would authorize the FDA to collect $595M in user fees over five years, plus adjustments for inflation. Details of the agreement, such as the fee structure, are expected to be finalized soon. :theflyonthewall.com
12:15 EDTMDT
theflyonthewall.com: Boston Scientific shares down over 6% after net income drop

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07:23 EDTMDT
theflyonthewall.com: Medical device firms in fee deal with FDA, WSJ reports

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February 1, 2012
09:05 EDTMDT
theflyonthewall.com: Medtronic announces first patient enrollment in clinical trial

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08:00 EDTMDT
theflyonthewall.com: Medical device makers propose doubling of FDA fees, Bloomberg reports

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January 30, 2012
17:15 EDTMDT
theflyonthewall.com: Medtronic announced positive clinical outcomes for its CoreValue system

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09:05 EDTMDT
theflyonthewall.com: Medtronic announces FDA approval of DF4 high-voltage connector system

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