Seagate (STX) Offering Possible 13.12% Return Over the Next 11 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $56.00 short call and a strike $61.00 long call offers a potential 13.12% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $56.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock rose above the $61.00 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 32.78 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 to Report Fiscal First Quarter 2015 Financial Results on October 27, 2014
Tue, 07 Oct 2014 20:05:00 GMT
Business Wire – Seagate Technology plc today announced it will report fiscal first quarter 2015 financial results before the market opens on Monday, October 27, 2014. The investment community conference call to discuss these results will take place that day at 6:00 a.m.

Israel storage company Reduxio raises funds from Seagate, Intel
Mon, 06 Oct 2014 12:02:19 GMT
Reuters – TEL AVIV (Reuters) – Israel's Reduxio Systems, a developer of computer storage technology, raised $15 million in a funding round led by Seagate Technology Plc (STX.O), the company said on Monday. Storage …

Israel storage company Reduxio raises funds from Seagate, Intel
Mon, 06 Oct 2014 12:00:00 GMT
Reuters – Israel's Reduxio Systems, a developer of computer storage technology, raised $15 million in a funding round led by Seagate Technology Plc, the company said on Monday. Storage company Seagate was joined …

Reduxio Raises $15M Series B, Seagate Joins its Board
Mon, 06 Oct 2014 12:00:00 GMT
PR Newswire – SAN FRANCISCO, October 6, 2014 /PRNewswire/ — Reduxio Systems, the next-generation hyper-efficient hybrid storage innovator, announced today that it has closed a $15 million Series B funding, led by Seagate …

Divide And Conquer: HP Set To Split PC And Printers Business From Enterprise Products
Sun, 05 Oct 2014 22:20:00 GMT
Forbes – Reports are beginning to surface that HP is planning to break into two distinct business with an announcement coming as early as Monday morning. The plan would be to spin off its PC and Printer business unit from its Enterprise and Services BU. According to WSJ, it was noted that […]

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