Seagate (STX) Offering Possible 16.28% Return Over the Next 10 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 16.28% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock rose above the $70.00 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 54.58 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

CES: Seagate's Luczo Sees Cloud Storage Boosting Cash Flow
Wed, 07 Jan 2015 20:18:00 GMT
Barrons.com – This morning I met with storage technology vendor Seagate Technology's (STX) CEO and chairman Steve Luczo at the Consumer Electronics Show in Las Vegas for a free-wheeling discussion of cloud computing …

JP Morgan Sees ‘Neutral Impact' On Hewlett-Packard And Corning At CES 2015
Wed, 07 Jan 2015 16:14:25 GMT

Mirror, Mirror on the Wall, Who's the Fairest Storage Company of Them All?
Wed, 07 Jan 2015 13:49:00 GMT

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.

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