Seagate Offering Possible 5.71% Return Over the Next 17 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $50.00 short put and a strike $45.00 long put offers a potential 5.71% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock dropped below the $45.00 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 71.61 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Seagate

Updated Research Report on Western Digital
Wed, 05 Mar 2014 23:00:06 GMT
Zacks – Despite reporting better-than-expected second-quarter results, the company expects a sequential decline in revenues due to lower total addressable market (TAM) impacted by seasonality.

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, …

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