Seagate (STX) Offering Possible 20.48% Return Over the Next 11 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $50.00 short call and a strike $55.00 long call offers a potential 20.48% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $55.00 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 54.21 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Seagate

LaCie Ships World’s Fastest Portable External Storage Solution
Tue, 11 Mar 2014 19:24:03 GMT
noodls – LaCie, the premium brand from Seagate Technology (NASDAQ: STX), announced today the availability of the fastest portable storage solution ever – the new LaCie™ Little Big Disk, featuring Thunderbolt™ 2. …

LaCie Ships World’s Fastest Portable External Storage Solution
Tue, 11 Mar 2014 19:09:00 GMT
Business Wire – LaCie, the premium brand from Seagate Technology , announced today the availability of the fastest portable external storage solution ever – the new LaCie™ Little Big Disk, featuring Thunderbolt™ 2.

Seagate to Participate in the Morgan Stanley Technology, Media & Telecom
Tue, 11 Mar 2014 17:00:46 GMT
noodls – CUPERTINO, CA- Seagate Technology (NASDAQ: STX) to participate in the following investor conference: Event: Stifel Technology, Internet & Media Conference Date: Tuesday, February 11, 2014 Time: Presentation …

Jamie Lerner to Join Seagate as President of Cloud Systems and Solutions
Tue, 11 Mar 2014 16:57:12 GMT
noodls – CUPERTINO, Calif.- Seagate (NASDAQ: STX) today announced that Jamie Lerner will join the company as President, Cloud Systems and Solutions. Lerner most recently held the position of Senior Vice President …

Seagate Targets Video Analytics Applications with Seventh-Generation
Tue, 11 Mar 2014 16:54:05 GMT
noodls – New Surveillance HDD Delivers the Highest CapacityStorage Optimized for Reliable 24×7 Video Surveillance Systems CUPERTINO,Calif. – Seagate Technology plc (NASDAQ:STX), a world leader in storage solutions, …

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