Seagate Offering Possible 8.93% Return Over the Next 30 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 8.93% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $44.00 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 68.18 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

Hewlett-Packard, Western Digital Raised to Buy at JP Morgan Despite IT Sluggishness
Wed, 18 Dec 2013 00:14:00 GMT
Barrons.com – As mentioned this morning, J.P. Morgan's Mark Moskowitz today cut his outlook for global IT spending in 2014, but found enough bright spots to raise his ratings on shares of Hewlett-Packard (HPQ) and Western Digital (WDC) to Overweight from Neutral. The stock can see multiple expansion, assuming decent earnings growth: In our view, double-digit earnings growth potential should elevate WD's price-toearnings multiple to a glide path of 10-11x over time, and there could be incremental upward mobility if WD can continue to grow earnings and return cash to shareholders at a time when other old-guard technology companies may struggle with revenue pressures and M&A risk.

5 Technology Stocks Driving The Sector Higher
Tue, 17 Dec 2013 17:02:00 GMT
TheStreet – TheStreet highlights 5 stocks pushing the technology sector higher today.

3 Tech Stocks Crushing the Dow
Tue, 17 Dec 2013 16:33:58 GMT
Motley Fool – Cisco, iRobot and Seagate were all outperforming the Dow Jones Industrial Average early on Tuesday.

Cramer's Mad Dash: Bottoming in PC's
Tue, 17 Dec 2013 14:25:00 GMT
CNBC – Jim Cramer explains what to watch ahead of the open including Hewlett-Packard and Seagate. Cramer says the new PC's are cool, cheap and do so much.

JPMorgan ups Western Digital to Overweight, Seagate to Neutral
Tue, 17 Dec 2013 12:41:54 GMT
theflyonthewall.com – JPMorgan ups Western Digital to Overweight, Seagate to Neutral

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