Seagate (STX) Offering Possible 11.86% Return Over the Next 10 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $44.50 short put and a strike $39.50 long put offers a potential 11.86% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $44.50 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock dropped below the $39.50 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 above 80 which suggests that the stock is in overbought territory.

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

Earnings Estimates Moving Higher for Seagate Technology (STX): Time to Buy?
Mon, 06 Feb 2017 13:49:01 GMT

Here's a Juicy Dividend Stock You Just Have to Buy
Sat, 04 Feb 2017 15:33:00 GMT
TheStreet – There is still upside left in this one.

More foreign companies are leaving China
Fri, 03 Feb 2017 11:50:00 GMT

Why We Revised Seagate's Share Price Estimate To $39
Thu, 02 Feb 2017 19:33:00 GMT
Forbes – We recently revised our share price estimate for Seagate from $34 to $39. The primary reasons for the price estimate revision were better-than-anticipated earnings and robust guidance from the company for 2017. The key differences between the current and previous model are related to margins.

Zacks.com featured highlights: Coherent, Premier, Teck Resources, Leucadia National and Seagate Technology
Thu, 02 Feb 2017 14:30:02 GMT

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