Seagate (STX) Offering Possible 12.11% Return Over the Next 6 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $61.00 short call and a strike $66.00 long call offers a potential 12.11% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $61.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock rose above the $66.00 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 20.81 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 Appoints Prat Bhatt to the Board of Directors
Mon, 28 Dec 2020 13:30:00 +0000
Seagate Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, today announced that Pratik “Prat” Bhatt has been appointed to the company’s Board of Directors and to serve on the Audit and Finance Committee of the Board, effective December 24, 2020.

Did You Participate In Any Of Seagate Technology's (NASDAQ:STX) Fantastic 140% Return ?
Tue, 22 Dec 2020 09:32:11 +0000
If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see…

Seagate (STX) Stock Moves -0.51%: What You Should Know
Wed, 09 Dec 2020 22:50:10 +0000
In the latest trading session, Seagate (STX) closed at $63.53, marking a -0.51% move from the previous day.

Seagate Designs RISC-V Cores to Power Data Mobility and Trustworthiness
Tue, 08 Dec 2020 18:00:00 +0000
Seagate Designs RISC-V Cores to Power Data Mobility and Trustworthiness

Seagate Announces Pricing of $1 Billion of Senior Unsecured Notes
Fri, 04 Dec 2020 02:32:00 +0000
Seagate HDD Cayman (the “Company”), a subsidiary of Seagate Technology plc (NASDAQ: STX) (“Seagate”), announced that it priced its earlier announced offering of $500 million aggregate principal amount of senior notes due 2029 (the “2029 Notes”) and $500 million aggregate principal amount of senior notes due 2031 (the “2031 Notes” and, together with the 2029 Notes, the “Notes”). The 2029 Notes were priced at 100% of the aggregate principal amount and will bear interest at a rate of 3.125% per annum. The 2031 Notes were priced at 100% of the aggregate principal amount and will bear interest at a rate of 3.375% per annum. The Notes will be guaranteed by Seagate.

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