Seagate (STX) Offering Possible 18.76% Return Over the Next 25 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 18.76% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock dropped below the $60.00 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 63.44 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 to Participate in the NASDAQ OMX 31st Investor Program
Tue, 25 Nov 2014 21:01:00 GMT
Business Wire – Seagate Technology to participate in the following investor conference:

SEAGATE TECHNOLOGY PLC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Tue, 25 Nov 2014 11:01:04 GMT

Seagate Technology Announces Pricing And Increased Size Of Senior Unsecured Notes Offering
Mon, 24 Nov 2014 23:08:13 GMT
noodls – CUPERTINO, CA – Seagate Technology plc (NASDAQ: STX) announced that it has increased the size of its previously announced offering of $300 million aggregate principal amount of senior notes due 2034 (the …

Seagate Technology Announces Pricing and Increased Size of Senior Unsecured Notes Offering
Mon, 24 Nov 2014 22:58:00 GMT
Business Wire – Seagate Technology plc announced that it has increased the size of its previously announced offering of $300 million aggregate principal amount of senior notes due 2034 to $500 million.

Software Defined Storage Disruption? When Commodity Storage Refuses to Remain Commodity
Mon, 24 Nov 2014 20:38:00 GMT

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