Seagate (STX) Offering Possible 24.07% Return Over the Next 17 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $63.00 short put and a strike $58.00 long put offers a potential 24.07% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $63.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock dropped below the $58.00 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 above 80 which suggests that the stock is in overbought territory.

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

10-Q for Seagate Technology Plc
Thu, 06 Nov 2014 00:08:33 GMT

Insider Trading Alert – STRA, USNA And STX Traded By Insiders
Wed, 05 Nov 2014 17:30:00 GMT

Seagate to Participate in the Needham Next-Gen Storage/Networking Conference
Tue, 04 Nov 2014 21:01:00 GMT
Business Wire – Seagate Technology to participate in the following investor conference:

Stocks Turn Mixed In Afternoon; Seagate Breaks Out
Mon, 03 Nov 2014 19:53:00 GMT
Investor's Business Daily – Stocks turned mixed in late afternoon trading Monday as the Dow Jones industrial average and S&P 500 came off record highs. The Nasdaq added 0.1%, while the S&P 500 was flat and the Dow dipped 0.1%. Volume …

Sri Hosakote Joins Seagate as Executive Vice President of Systems for Cloud Systems and Solutions Group
Mon, 03 Nov 2014 13:00:00 GMT
Business Wire – Seagate Technology plc , a world leader in storage solutions, today announced that Sri Hosakote joined the company on October 22 as Executive Vice President of Systems

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