Seagate (STX) Offering Possible 12.61% Return Over the Next 7 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $55.50 short call and a strike $60.50 long call offers a potential 12.61% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.50 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock rose above the $60.50 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 below 20 which suggests that the stock is in oversold 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

Seagate Nytro Solution Selected by China’s QingCloud to Boost Performance of Cloud Platform
Fri, 13 Mar 2015 01:03:00 GMT
Business Wire – BEIJING–(BUSINESSWIRE)– Seagate Technology plc (NASDAQ:STX), a world leader in storage solutions, has announced that its Nytro ® family of PCIe-based flash acceleration cards —the XP6209—has been selected …

Seagate Nytro Solution Selected by China’s QingCloud to Boost Performance of Cloud Platform
Fri, 13 Mar 2015 01:03:00 GMT
Business Wire – Seagate Technology plc , a world leader in storage solutions, has announced that its Nytro® family of PCIe-based flash acceleration cards —the XP6209—has been selected by China’s foremost Infrastructure-as-a-Service provider QingCloud to enhance the performance and capabilities of its cutting-edge cloud service.

4 Tech Stocks That Will Be Affected by Slowing PC Sales
Thu, 12 Mar 2015 14:20:32 GMT
24/7 Wall St. – RBC analysts focused on four stocks that could also see an impact from the recent decline in PC sales.

Pisani's market open: Fast casual slows
Thu, 12 Mar 2015 13:39:00 GMT

5 Very Oversold Tech Stocks Could Be Huge Buys Now
Tue, 10 Mar 2015 12:15:23 GMT

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