Seagate (STX) Offering Possible 11.86% 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 $57.50 short call and a strike $62.50 long call offers a potential 11.86% 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 $57.50 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 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 36.05 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 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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