NEW YORK (TheStreet) -- Healthcare company Medtronic(MDT) - Get Report is set up for an easy, money-making trade. 

As can be seen from the chart (below), the stock is trading at its all-time high, just a few cents below $79. The price has jumped by 160% to $79 from $30 since September 2011, with an upward trend that has followed both the 200 day moving average and the 100 day.

Since February, the price entered a trading range between $73 and $79. Now is a good time to buy as the moving averages will soon force the stock to choose a direction. 

The stock has been recently bought by the hedge fund JFS Wealth Advisors and has been traded by 20 gurus, further proof that the stock is ready to break out of this range.

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This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.