Seagate (STX) Offering Possible 6.84% 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 $57.50 short put and a strike $52.50 long put offers a potential 6.84% 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 $57.50 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock dropped below the $52.50 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 79.73 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 Inititatives Put Pressure on Western Digital
Fri, 04 Jul 2014 15:02:12 GMT
Motley Fool – Seagate has made several acquisitions and is investing in innovative technology. Will this bring growth for the company, and what does it mean for competitor Western Digital?

Western Digital Hits a 52-Week High
Thu, 03 Jul 2014 17:00:04 GMT
Zacks – Shares of Western Digital (WDC) hit a new 52-week high of $96.31 on Jun 2, eventually closing at $95.92.

Can Western Digital Corporation Find Growth in New Markets?
Thu, 03 Jul 2014 15:00:08 GMT
Motley Fool – Western Digital is seeking growth by expanding its product offerings and looking to new technologies. What are these new initiatives, and will they bring growth to the company?

How Seagate Technology Is Morphing Into a Company for the Future
Thu, 03 Jul 2014 14:00:15 GMT
Motley Fool – Seagate is making small but highly strategic acquisitions that will help it dominate the SSD market.

Cramer: Six buyable themes in second half
Tue, 01 Jul 2014 22:08:26 GMT

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