Seagate (STX) Offering Possible 7.76% Return Over the Next 17 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $36.00 short put and a strike $31.00 long put offers a potential 7.76% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $36.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $31.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Seagate is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Seagate is bullish.

The RSI indicator is at 65.61 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Seagate

Seagate Launches First Drive for AI-Enabled Surveillance
Sun, 29 Oct 2017 00:30:00 +0000
Seagate Technology plc announced today its SkyHawk™ AI hard disk drive , the first drive created specifically for artificial intelligence enabled video surveillance solutions.

Should You Buy Seagate After its First Quarter Surprise?
Fri, 27 Oct 2017 21:08:00 +0000
The market for traditional hard disk drives isn’t dead yet.

What To Expect When Western Digital Reports Quarterly Results
Thu, 26 Oct 2017 20:00:49 +0000
Western Digital earnings follow Seagate, which reported results on Monday that topped estimates and sent shares soaring.

Why Seagate Stock Soared despite Negative Revenue Growth
Thu, 26 Oct 2017 13:10:48 +0000
Seagate Technology (STX) announced its fiscal 1Q18 on Monday, October 23, 2017. STX stock surged 13.0% after the company beat its earnings and revenue estimates.

See what the IHS Markit Score report has to say about Seagate Technology PLC.
Thu, 26 Oct 2017 12:08:00 +0000
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Technology sector is rising.

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