Seagate Offering Possible 17.27% 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 17.27% 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 $0.81 would be kept by the premium seller. The risk of $4.69 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 76.13 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's Surveillance Drives Could Provide Near-Term Benefit
Tue, 04 Mar 2014 23:40:22 GMT
Seeking Alpha – Seagate Technology (NASDAQ: STX ) recently unveiled its seventh generation surveillance drives, which primarily target small and medium businesses (SMB). Seagate’s primary competitor Western Digital (NASDAQ: …

Seagate Technology Management Presents at Morgan Stanley Technology, Media & Telecom Conference (Transcript)
Mon, 03 Mar 2014 21:12:06 GMT
Seeking Alpha – Pat O’Malley Yes, that’s a great question, because it’s a sort of mixture. We actually – given we’re dealing with lot of cloud builders, we get some insight. But quite honestly given these are large capital …

EVault Cited as a Leader in Disaster Recovery as a Service by Leading Independent Research Firm
Mon, 03 Mar 2014 09:00:00 GMT
Business Wire – EVault, Inc., a Seagate company , today announced that Forrester Research, Inc. has recognized EVault as a leader in Disaster Recovery as a Service according to the January 2014 report, The Forrester Wave™: Disaster-Recovery-As-A-Service Providers, Q1 20141.

Robert Rodriguez From Seagate and Lon France From Republic to Be Featured on Let's Talk Computers (R)
Fri, 28 Feb 2014 13:00:00 GMT
Marketwired – Guests from Seagate and Republic will appear on radio talk show Let's Talk Computers. Seagate is the worldwide leader in hard drives and storage solutions. Republic Wireless, a division of Bandwidth.com, …

MMI International Ltd. — Moody's: Precision Capital's 1H results within expectations despite weaker performance
Fri, 28 Feb 2014 08:05:04 GMT
Moody's – Hong Kong, February 28, 2014– Moody's Investors Service says Precision Capitals Private Limited's 1 H2014 operating result, although showing signs of having weakened, are in line with expectations for …

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