Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 13.64% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock rose above the $65.00 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 25.03 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 & Baidu Sign Strategic Agreement
Thu, 18 Sep 2014 12:30:01 GMT
Zacks – Seagate Technology (STX) has entered into a strategic alliance with Baidu Inc. (BIDU), a Chinese-language Internet search provider.
Seagate and Baidu Sign Strategic Cooperation Agreement
Wed, 17 Sep 2014 16:00:00 GMT
Business Wire – BEIJING–(BUSINESSWIRE)– Seagate Technology (NASDAQ:STX), a worldwide leader in storage solutions, today announced it has signed a strategic cooperation agreement with Baidu, China’s largest web services …
Seagate Showcases Its Latest Enterprise Product Portfolio in 2014 Huawei Cloud Congress
Wed, 17 Sep 2014 16:00:00 GMT
Business Wire – During the conference, Seagate signed a supplier cooperation agreement with Huawei under which both parties agreed to expand cooperation to establish a joint laboratory and collaborate on new products, technology and marketing for cloud storage solutions. The two-day 2014 Huawei Cloud Congress invites leaders in cloud computing technology, top managers from well-known enterprises and industry experts, to discuss the latest research results on cloud computing, mobile applications, data center management and enterprise applications, as well as sharing practical experience on cloud computing deployment, and exploring new ways of cloud computing.
Seagate and Baidu Sign Strategic Cooperation Agreement
Wed, 17 Sep 2014 16:00:00 GMT
Business Wire – Seagate Technology , a worldwide leader in storage solutions, today announced it has signed a strategic cooperation agreement with Baidu, China’s largest web services f
Seagate Showcases Its Latest Enterprise Product Portfolio in 2014 Huawei Cloud Congress
Wed, 17 Sep 2014 16:00:00 GMT
Business Wire – Seagate Technology , a worldwide leader in hard drives and storage solutions, today showcased its leading enterprise storage solutions at the 2014 Huawei Cloud Congres
Related Posts
Also on Market Tamer…
Follow Us on Facebook