Seagate (STX) Offering Possible 22.25% Return Over the Next 24 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $58.00 short call and a strike $63.00 long call offers a potential 22.25% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $58.00 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 rose above the $63.00 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 30.66 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

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

Seagate Technology & Baidu Sign Strategic Agreement
Thu, 18 Sep 2014 12:30:01 GMT
Zacks – Seagate Technology (STX) has entered into a strategic alliance with Baidu Inc. (BIDU), a Chinese-language Internet search provider.

Seagate and Baidu Sign Strategic Cooperation Agreement
Wed, 17 Sep 2014 16:00:00 GMT
Business Wire – BEIJING–(BUSINESSWIRE)– Seagate Technology (NASDAQ:STX), a worldwide leader in storage solutions, today announced it has signed a strategic cooperation agreement with Baidu, China’s largest web services …

Seagate Showcases Its Latest Enterprise Product Portfolio in 2014 Huawei Cloud Congress
Wed, 17 Sep 2014 16:00:00 GMT
Business Wire – During the conference, Seagate signed a supplier cooperation agreement with Huawei under which both parties agreed to expand cooperation to establish a joint laboratory and collaborate on new products, technology and marketing for cloud storage solutions. The two-day 2014 Huawei Cloud Congress invites leaders in cloud computing technology, top managers from well-known enterprises and industry experts, to discuss the latest research results on cloud computing, mobile applications, data center management and enterprise applications, as well as sharing practical experience on cloud computing deployment, and exploring new ways of cloud computing.

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