Seagate Offering Possible 7.53% Return Over the Next 23 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 7.53% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $44.00 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 68.83 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Seagate

Western Digital Improves Mobile Data Storage
Thu, 27 Feb 2014 22:10:05 GMT
Zacks – Western Digital Corp.'s HGST unveiled the USB 3.0 Touro S mobile external hard drives.

[$$] Drive Makers Remain on Track
Thu, 27 Feb 2014 16:16:00 GMT
Barrons.com – Piper Jaffray IDC recently updated its hard-disk-drive market estimates for the first quarter of 2014 and modestly lowered revenue estimates for both Seagate Technology and Western Digital, largely due to softer pricing on capacity-optimized enterprise drives. Despite the reduced forecast, the new estimates from IDC still suggest that revenue for Seagate (STX) is tracking in line with fiscal third-quarter guidance, while Western Digital (WDC) is tracking toward the high-end of guidance. As such, we are reiterating our Overweight rating on Western Digital with a $102 price target and our Neutral rating on Seagate with a $51 price target. The primary reason for the estimate revision, for both Western Digital and Seagate, was softer pricing for capacity-optimized drives.

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Tue, 25 Feb 2014 20:01:57 GMT
Motley Fool – Hewlett-Packard is a massive company that operates in many divisions, but the recovery of one segment in particular might imply three great buying opportunities.

Value Investing In Volatile Times
Tue, 25 Feb 2014 18:28:37 GMT

Do You Know How To Forecast Seagate's Future?
Tue, 25 Feb 2014 16:21:56 GMT
Seeking Alpha – After recent soft guidance from both Seagate ( STX ) and Western Digital ( WDC ), shares of Seagate have fallen from just over $60 per share to about $50. But what does the recent soft outlook really mean …

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