Seagate (STX) Offering Possible 11.36% Return Over the Next 8 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 11.36% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $4.49 would be incurred if the stock rose above the $62.50 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 at 38.35 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Seagate

SEAGATE TECHNOLOGY PLC Files SEC form 10-K, Annual Report
Fri, 08 Aug 2014 10:01:01 GMT

Seagate to Participate in the Pacific Crest 16th Annual Global Technology
Tue, 05 Aug 2014 07:59:56 GMT
noodls – 八月 04, 2014 CUPERTINO, CA – Seagate Technology (NASDAQ:STX) to participate in the following investor conference: Event: Pacific Crest 16th Annual Global Technology Leadership Forum Date: Tuesday, August …

Seagate to Participate in the Pacific Crest 16th Annual Global Technology Leadership Forum
Mon, 04 Aug 2014 20:05:00 GMT
Business Wire – Seagate Technology to participate in the following investor conference:

Why Seagate Is A Buying Opportunity
Sat, 26 Jul 2014 09:53:30 GMT
Seeking Alpha – Although Seagate Technology (NASDAQ: STX ) reported on July 17 results that were in line with expectations, its stock dropped 2.97% in the next trading day. The decline in the stock price came out even …

Why SanDisk Corporation Shares Could Drop Even Further
Thu, 24 Jul 2014 16:42:39 GMT
Motley Fool – SanDisk recently hit a road bump that saw its share price drop. But is this a good moment to get in on this hot company?

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