Seagate Offering Possible 10.62% Return Over the Next 22 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $55.00 short call and a strike $60.00 long call offers a potential 10.62% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock rose above the $60.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Seagate is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Seagate is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold 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 TECHNOLOGY PLC Financials
Sat, 01 Feb 2014 18:04:05 GMT

Jim Cramer: Beware of ‘Lumpy'
Sat, 01 Feb 2014 15:05:00 GMT

Robert Rodriguez From Seagate and Jonah Cagley and Dorian Haro From CyberPower Systems, Inc. to Be Featured on Let's Talk Computers (R)
Fri, 31 Jan 2014 13:00:00 GMT

Cramer's Lightning Round – Archer Daniels Midland Is Much Ado About Nothing (1/30/14)
Fri, 31 Jan 2014 11:22:31 GMT

Seagate's Short Term Tepidity Doesn't Change Long-Term
Thu, 30 Jan 2014 23:00:09 GMT

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