Seagate (STX) Offering Possible 19.05% Return Over the Next 12 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $66.50 short call and a strike $71.50 long call offers a potential 19.05% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $66.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $71.50 long call strike price.

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

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

The RSI indicator is at 58.61 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

LaCie Rugged RAID: Twice the Speed, Twice the Capacity, Total Confidence
Sun, 04 Jan 2015 08:06:00 GMT
Business Wire – Today, LaCie, the premium brand from Seagate Technology plc , announced Rugged RAID, the latest product to join its line of iconic Rugged mobile hard drives. LaCie™ Rugged RAID features twice the speed and capacity of a standard mobile hard drive* – all with the same Rugged portability and durability that enthusiasts have come to expect.

LaCie Mirror Portable Hard Drive; Your Data is a Reflection of Who You Are
Sun, 04 Jan 2015 08:05:00 GMT
Business Wire – Today, LaCie, the premium brand from Seagate Technology plc unveiled the LaCie Mirror™ portable hard drive wholly encased in scratch resistant Corning® Gorilla® Glass.

Seagate Personal Cloud: An Easy Way to Enjoy Photos, Videos and Data on All Your Devices, at Home or Away
Sun, 04 Jan 2015 08:04:00 GMT
Business Wire – Seagate Technology plc , a world leader in storage solutions, today unveiled two new storage products for the home, Seagate® Personal Cloud and Seagate® Personal Cloud 2-Bay.

Seagate Wireless Creates Space for Mobile Devices
Sun, 04 Jan 2015 08:03:00 GMT
Business Wire – Seagate Technology plc , the pioneer in wireless storage, continues to grow its family of wireless storage solutions with the debut of Seagate® Wireless, a 500GB portable wireless drive designed for streaming and offloading of media from mobile devices.

Seagate Celebrates Thirty-Five Years of Storage Innovation With Launch of Seagate Seven – the World’s Slimmest Portable Hard Drive
Sun, 04 Jan 2015 08:02:00 GMT
Business Wire – Seagate Technology plc , a world leader in storage solutions, today unveiled a high-design ultra-slim external drive that evokes the legacy form factor of 2.5-inch internal hard drives.

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