Seagate (STX) Offering Possible 15.47% Return Over the Next 30 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 15.47% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock dropped below the $50.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Seagate is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Seagate is bullish.

The RSI indicator is at 70.27 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Seagate

Micron Technology, Inc. Earnings: How Far Can Memory Growth Soar?
Fri, 20 Jun 2014 02:36:20 GMT
Motley Fool – Micron's earnings look poised to skyrocket; but will the good times last forever?

[$$] Western Digital More Driven Than Seagate
Wed, 18 Jun 2014 18:58:00 GMT
Barrons.com – JPMorgan Based on our recent research efforts we believe that hard-disk-drive shipment fundamentals are on track for a second-half pickup driven by continued strength in gaming, pickup in high-capacity enterprise drives and relatively stronger PC demand fundamentals. Although there has been much debate around enterprise high-capacity drive demand, we believe a combination of recent storage utilization initiatives and inventory digestion has driven three quarters of relatively lackluster shipment fundamentals. Overall, we remain constructive on storage (hard disk drive (HDD) and solid-state drive (SSD)) fundamentals, and we reiterate our Overweight rating on Western Digital (WDC) and Neutral rating on Seagate Technology (STX). Second-quarter fundamentals are tracking to expectations and the third quarter should see a quarter-over-quarter return to growth driven by gaming, enterprise and PC segments.

Seagate Technology Announces Successful Completion of Cash Tender Offers for Outstanding 7.000% Senior Notes Due 2021 and 6.875% Senior Notes Due 2020
Wed, 18 Jun 2014 17:48:00 GMT
Business Wire – Seagate Technology plc gave notice of the completion of the cash tender offers by its wholly owned subsidiary, Seagate HDD Cayman , previously announced on May 20, 2014 , to purchase up to an aggregate combined principal amount of $300 million of the outstanding 7.000% Senior Notes due 2020, CUSIP number 81180WAF8 , and the outstanding 6.875% Senior Notes due 2020, CUSIP number 81180WAD3 .

SEAGATE TECHNOLOGY PLC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Wed, 18 Jun 2014 17:44:36 GMT

EVault Recognized as Finalist for 2014 Microsoft Application Development Partner of the Year
Tue, 17 Jun 2014 08:00:00 GMT
Business Wire – EVault, Inc., a Seagate Company , today announced it has been named a finalist in the 2014 Microsoft Application Development Partner of the Year Award. The company was honored among a global field of top Microsoft Corp.

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