Seagate (STX) Offering Possible 10.13% Return Over the Next 26 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 10.13% return on risk over the next 26 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 $0.46 would be kept by the premium seller. The risk of $4.54 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 49.22 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Seagate

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Tue, 25 Mar 2014 00:02:01 GMT
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Is Western Digital A Solid Long-Term Bet?
Mon, 24 Mar 2014 18:08:04 GMT
Seeking Alpha – It looks like Western Digital ( WDC ) is stealing a march on its arch-enemy Seagate Technology ( STX ). The first evidence of this fact can be seen in the share price performance of the two companies. …

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Sun, 23 Mar 2014 15:03:59 GMT
Motley Fool – Western Digital and Seagate Technologies compete in the same industry as market leaders,although one in particular has significantly more upside value.

Seagate chief Luczo leaves Microsoft board
Thu, 20 Mar 2014 20:24:53 GMT
Reuters – Microsoft Corp said on Thursday Steve Luczo stepped down from its board of directors so he can focus on his job as chief executive of digital storage firm Seagate Technology Plc. Luczo's exit comes just …

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Seeking Alpha – This week, I got revisit the IT world through the efforts of my students. In a class on innovation strategy that I recently completed at UCI, four MBA student teams presented final projects on the current …

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