Seagate (STX) Offering Possible 20.77% Return Over the Next 15 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $66.00 short put and a strike $61.00 long put offers a potential 20.77% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $66.00 by expiration. The full premium credit of $0.86 would be kept by the premium seller. The risk of $4.14 would be incurred if the stock dropped below the $61.00 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 65.61 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

Western Digital Stock Is Rallying. Wall Street Sees Higher Flash Prices, Better Drive Demand.
Fri, 29 Jan 2021 19:51:00 +0000
The outlook for Western Digital continues to improve. The latest results were strong, and the data-center business, which supplies disk-based drives and flash-memory based solid-state drives to “cloud titans,” is recovering.

Why I Plan on Selling High-Yield Dividend Stock Seagate Technology
Tue, 26 Jan 2021 13:45:00 +0000
Investors might be drawn to the more than 4% dividend yield, but there are better options in the semiconductor universe.

Results: Seagate Technology plc Exceeded Expectations And The Consensus Has Updated Its Estimates
Mon, 25 Jan 2021 05:02:55 +0000
Seagate Technology plc ( NASDAQ:STX ) investors will be delighted, with the company turning in some strong numbers with…

Seagate Stock Slides After Earnings. Here’s What Wall Street Is Saying.
Fri, 22 Jan 2021 19:10:00 +0000
Seagate stock is taking it on the chin on Friday, despite what appeared to be a solid December quarter earnings report.

Seagate Drops Even as Earnings and Revenue Beat Estimates
Fri, 22 Jan 2021 17:36:00 +0000
Seagate shares dropped Friday even as the disk-drive major posts fiscal-second-quarter earnings and revenue ahead of analysts' expectations.

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