Seagate (STX) Offering Possible 19.31% Return Over the Next 8 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $55.50 short put and a strike $50.00 long put offers a potential 19.31% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.50 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.61 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 28.01 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

3 Momentum ETFs & Stocks to Buy as Market Bounces Back
Tue, 08 May 2018 15:50:00 +0000
U.S. stocks seem to have shrugged off all uncertainties regarding nagging trade tensions between the United States and China. The one-and-a-half-month-long tech tantrums also have eased and rising rate worries have probably taken a backseat after weaker-than-expected U.S. jobs data in April.Source: Shutterstock

Edited Transcript of STX earnings conference call or presentation 1-May-18 1:00pm GMT
Tue, 08 May 2018 14:48:11 +0000
Q3 2018 Seagate Technology PLC Earnings Call

Stocks Open Lower On Mixed Jobs Data, Apple Rises; Stamps.com Spikes
Fri, 04 May 2018 13:43:22 +0000
Early moves from Apple, Celgene and Weight Watchers stirred opening trade Friday, but a mixed April payrolls report sent the Dow, S&P 500 and Nasdaq lower.

Is Seagate Technology (STX) Outperforming Other Computer and Technology Stocks This Year?
Thu, 03 May 2018 13:25:01 +0000
Is Seagate Technology (STX) Outperforming Other Computer and Technology Stocks This Year?

Jim Cramer Weighs In On Snap, Seagate And More
Thu, 03 May 2018 11:52:08 +0000
On CNBC's “Mad Money Lightning Round” , Jim Cramer said Snap Inc (NYSE: SNAP ) is going lower. Cramer likes GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH ). Limelight Networks, Inc. (NASDAQ: LLNW …

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