Seagate (STX) Offering Possible 46.63% Return Over the Next 3 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $54.50 short call and a strike $59.50 long call offers a potential 46.63% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $54.50 by expiration. The full premium credit of $1.59 would be kept by the premium seller. The risk of $3.41 would be incurred if the stock rose above the $59.50 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 31.79 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 Technology’s Lyve Labs Opens Doors in Tel Aviv to Enable Innovations
Thu, 13 Feb 2020 09:30:00 +0000
Seagate® Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, today officially opens its Lyve™ Labs Israel.

Seagate opens innovation lab in Israel
Thu, 13 Feb 2020 08:42:25 +0000

Edited Transcript of STX earnings conference call or presentation 4-Feb-20 10:00pm GMT
Tue, 11 Feb 2020 06:10:59 +0000
Q2 2020 Seagate Technology PLC Earnings Call

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Thu, 06 Feb 2020 14:15:02 +0000
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