Seagate (STX) Offering Possible 7.76% Return Over the Next 16 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 7.76% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 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 $50.00 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 above 80 which suggests that the stock is in overbought territory.

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, Intel, and IBM: 3 Ways to Profit From Booming Big Data and Analytics
Fri, 04 Apr 2014 01:01:56 GMT

Seagate Technology to Report Fiscal Third Quarter 2014 Financial Results on April 29, 2014
Thu, 03 Apr 2014 20:01:00 GMT
Business Wire – Seagate Technology plc today announced it will report fiscal third quarter 2014 financial results after the market closes on Tuesday, April 29, 2014. The investment community conference call to discuss these results will take place that day at 2:00 p.m.

Seagate (STX) Enters Overbought Territory
Thu, 03 Apr 2014 12:27:04 GMT
Zacks – Seagate (STX) Enters Overbought Territory

Micron, Intel, Apple: A Tale Of 3 Companies
Wed, 02 Apr 2014 19:00:14 GMT

Western Digital Hits a 52-Week High
Wed, 02 Apr 2014 12:40:23 GMT
Zacks – Shares of Western Digital Corp. hit a new 52-week high of $93.90 on Apr 1, eventually closing at $93.54.

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