Seagate (STX) Offering Possible 11.56% Return Over the Next 18 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $52.50 short put and a strike $47.00 long put offers a potential 11.56% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.93 would be incurred if the stock dropped below the $47.00 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 71.97 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Seagate

Seagate Strengthens SSD Portfolio
Fri, 30 May 2014 17:00:22 GMT
Zacks – Seagate Technology (STX) is set to pay $450 million to acquire the Accelerated Solutions Division and Flash Components Division from Avago Technologies (AVGO).

Seagate to Buy Avago's Flash Business in Another Complex Deal
Fri, 30 May 2014 15:37:00 GMT
TheStreet – For Seagate, the acquisition will help it keep pace with rival Western Digital, which upped its flash storage operations back in December with a deal to buy the operations of Virident Systems.

Seagate purchase of LSI flash assets positive, says Pacific Crest
Fri, 30 May 2014 12:26:34 GMT
theflyonthewall.com – Seagate purchase of LSI flash assets positive, says Pacific Crest

Seagate’s Shrewd SandForce Acquisition
Fri, 30 May 2014 02:02:24 GMT
Motley Fool – Seagate takes another step towards becoming a major player in flash.

[$$] Seagate to Buy LSI's Flash Businesses From Avago for $450 Million
Thu, 29 May 2014 21:34:45 GMT
The Wall Street Journal – Seagate Technology PLC said it will acquire LSI's flash businesses for $450 million in cash from Avago Technologies Ltd.

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