Seagate (STX) Offering Possible 22.25% Return Over the Next 22 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $68.00 short put and a strike $63.00 long put offers a potential 22.25% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $68.00 by expiration. The full premium credit of $0.91 would be kept by the premium seller. The risk of $4.09 would be incurred if the stock dropped below the $63.00 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 62.69 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

After Longbow's Downgrade Of Seagate And Western Digital, How Are Other Data Storage Stocks Looking?
Mon, 22 Dec 2014 22:30:36 GMT
Benzinga – Longbow Research downgraded Seagate Technology (NASDAQ: STX ) and Western Digital Corporation (NASDAQ: WDC ) on Monday, moving both from Buy to Neutral. Although specialist Joe Wittine doesn’t think investors …

Seagate, Western: Storage Debate as Longbow Cuts to Hold, Brean Raises Price Targets
Mon, 22 Dec 2014 15:28:00 GMT
Barrons.com – Shares of disk drive makers Seagate (STX) and Western Digital (WDC) are in positive territory this morning despite some difference of opinion on the Street. On the negative side, Joe Wittine of Longbow …

Citi Raises Seagate Technology Price Target
Wed, 17 Dec 2014 19:34:10 GMT
Benzinga – Citi raised its price target on Seagate Technology PLC (NASDAQ: STX ) Wednesday from $70 to $74. Analyst Joe Yoo saw growth ahead in the PC market and anticipated “positive earnings revisions in CY14 …

Zacks Investment Ideas feature highlights: Caterpillar, Western Union, Seagate Technologies and Darden Restaurants
Mon, 15 Dec 2014 13:22:31 GMT

Is It the Right Time to Buy Western Digital (WDC) Stock?
Wed, 10 Dec 2014 21:34:19 GMT
Zacks – Shares of Western Digital (WDC) hit a new 52-week high of $108.67 on Dec 9, eventually closing at $107.80.

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