Seagate (STX) Offering Possible 17.1% 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 $59.50 short put and a strike $54.50 long put offers a potential 17.1% 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 $59.50 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.27 would be incurred if the stock dropped below the $54.50 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 67.61 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's Luczo Ranked among Top-Performing CEOs in America
Tue, 19 Aug 2014 07:24:34 GMT
noodls – CUPERTINO, CA – CNNMoney has placed Seagate (NASDAQ: STX) Chairman and CEO Steve Luczo among its top-performing CEOs in America. Luczo was ranked No. 5 on CNNMoney's list of top U.S. CEOs based on the …

Seagate’s Luczo Ranked among Top-Performing CEOs in America
Mon, 18 Aug 2014 19:02:00 GMT
Business Wire – CNNMoney has placed Seagate Chairman and CEO Steve Luczo among its top-performing CEOs in America. Luczo was ranked No. 5 on CNNMoney’s list of top U.S. CEOs based on the company’s 297 percent share price appreciation over the past three years.

SEAGATE TECHNOLOGY PLC Financials
Fri, 15 Aug 2014 17:04:24 GMT

SEAGATE TECHNOLOGY PLC Files SEC form 10-K, Annual Report
Fri, 08 Aug 2014 10:01:01 GMT

Seagate to Participate in the Pacific Crest 16th Annual Global Technology
Tue, 05 Aug 2014 07:59:56 GMT
noodls – 八月 04, 2014 CUPERTINO, CA – Seagate Technology (NASDAQ:STX) to participate in the following investor conference: Event: Pacific Crest 16th Annual Global Technology Leadership Forum Date: Tuesday, August …

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