Seagate (STX) Offering Possible 11.36% Return Over the Next 9 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $50.50 short call and a strike $55.50 long call offers a potential 11.36% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.50 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 $55.50 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 45.21 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 Technology Unveils New Video Surveillance Systems Solution Center for Customers
Wed, 12 Mar 2014 16:19:50 GMT
noodls – New Selector Tool Enables Users to Choose Ideal Solution to Fit their Needs CUPERTINO,Calif. – Seagate Technology plc (NASDAQ:STX), a world leader in storage solutions, today introduces its Video Surveillance …

Seagate Technology Unveils New Video Surveillance Systems Solution Center for Customers
Wed, 12 Mar 2014 16:00:00 GMT
Business Wire – Seagate Technology plc , a world leader in storage solutions, today introduces its Video Surveillance Systems Solution Center that features a library of resources, incl

Insider Trading Alert – STX, SF And NFX Traded By Insiders
Wed, 12 Mar 2014 15:15:00 GMT

LaCie Ships World’s Fastest Portable External Storage Solution
Tue, 11 Mar 2014 19:24:03 GMT
noodls – LaCie, the premium brand from Seagate Technology (NASDAQ: STX), announced today the availability of the fastest portable storage solution ever – the new LaCie™ Little Big Disk, featuring Thunderbolt™ 2. …

LaCie Ships World’s Fastest Portable External Storage Solution
Tue, 11 Mar 2014 19:09:00 GMT
Business Wire – LaCie, the premium brand from Seagate Technology , announced today the availability of the fastest portable external storage solution ever – the new LaCie™ Little Big Disk, featuring Thunderbolt™ 2.

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