Seagate Offering Possible 10.13% Return Over the Next 8 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 10.13% return on risk over the next 8 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 $0.46 would be kept by the premium seller. The risk of $4.54 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 74.1 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

Ashraf Eassa Positions For 2014: Take Advantage Of Cyclicality In Technology
Thu, 09 Jan 2014 12:22:00 GMT
Seeking Alpha – This is the 12th piece in Seeking Alpha's Positioning for 2014 series. This year we have once again asked experts on a range of different asset classes and investing strategies to offer their vision for …

Seagate Technology To Report Fiscal Second Quarter 2014 Financial Results On January 27, 2014
Wed, 08 Jan 2014 10:10:13 GMT
noodls – CUPERTINO, Calif.,- Seagate Technology plc (NASDAQ:STX) today announced it will report fiscal second quarter 2014 financial results after the market closes on Monday, January 27, 2014. The investment community …

Silver Balls: Seagate And Lacie's Union Bears Shiny, Expensive Fruit At CES
Mon, 06 Jan 2014 22:07:00 GMT
Forbes – Seagate's (NASDAQ:STX) new range of hard drive devices, shown off at CES today, showed the fruits of the acquisition of the style-conscious Europeans of LaCie with the Sphère, a reflective, featureless silver ball with a terabyte of storage and a mind-spindling price tag.

Top 3 cheap stocks to buy now: Pro
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Seagate Ultra Mobile to Power Lenovo YOGA 2 PC
Mon, 06 Jan 2014 00:07:00 GMT
Business Wire – Seagate Technology plc , a worldwide leader in storage solutions, today announced that it is working with Lenovo, the world’s largest PC maker, to deliver YOGA 2, a new multimode PC powered by the Seagate® Laptop Ultrathin HDD.

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