Seagate (STX) Offering Possible 21.95% Return Over the Next 23 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $57.00 short call and a strike $62.00 long call offers a potential 21.95% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock rose above the $62.00 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 24.5 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Seagate

As Singapore's high-cost economy restructures, some short-term pain
Fri, 26 Sep 2014 05:55:28 GMT
Reuters – Data centre operator IO is just the kind of company Singapore wants to see in its future as cost pressures erode its competitiveness in the traditional low-end manufacturing that once helped make it an “Asian Tiger” economy. U.S.-based IO took space last year in what was once part of Seagate Technology's factory after the computer hardware maker shifted its hard-disk production in 2010 to cut costs. IO is not alone in picking Singapore, which is an important base for other data centres and many global banks, as well as a regional headquarters for multinational companies. Singapore's data centre market is expected to more than double to $550 million (338 million pounds) by 2017 from $223 million in 2010, according to consultancy Frost and Sullivan, despite challenges such as an equatorial climate and limited land.

As Singapore's high-cost economy restructures, some short-term pain
Thu, 25 Sep 2014 21:18:41 GMT
Reuters – Data centre operator IO is just the kind of company Singapore wants to see in its future as cost pressures erode its competitiveness in the traditional low-end manufacturing that once helped make it an “Asian Tiger” economy. U.S.-based IO took space last year in what was once part of Seagate Technology's factory after the computer hardware maker shifted its hard-disk production in 2010 to cut costs. IO is not alone in picking Singapore, which is an important base for other data centres and many global banks, as well as a regional headquarters for multinational companies. Singapore's data centre market is expected to more than double to $550 million (337.18 million British pound) by 2017 from $223 million in 2010, according to consultancy Frost and Sullivan, despite challenges such as an equatorial climate and limited land.

Seagate to Participate in the Deutsche Bank 22nd Annual Leveraged Finance Conference
Thu, 25 Sep 2014 16:00:00 GMT
Business Wire – Seagate Technology to participate in the following investor conference:

Why You Should Go For Western Digital
Tue, 23 Sep 2014 15:38:34 GMT

Mike Palmer Joins Seagate as Senior Vice President and General Manager of Cloud Solutions
Mon, 22 Sep 2014 16:00:00 GMT
Business Wire – Seagate Technology announced that Mike Palmer joined the company on September 15 as Senior Vice President and General Manager of Cloud Solutions, reporting to Seagate

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