Seagate (STX) Offering Possible 24.69% Return Over the Next 35 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 24.69% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $4.01 would be incurred if the stock dropped below the $30.00 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

[$$] Fintech Firm Ripple Gets $55 Million In Funding
Fri, 16 Sep 2016 04:46:38 GMT
The Wall Street Journal – Ripple, the San Francisco-based startup building a bitcoin-like payments platform aimed at banks, announced a $55 million Series B funding round on Tuesday, bringing its total capital to about $93 million….

[$$] Blockchain Startup Ripple Adds $55M Series B
Thu, 15 Sep 2016 13:36:02 GMT
The Wall Street Journal – Ripple, the San Francisco-based startup building a bitcoin-like payments platform aimed at banks, announced a $55 million Series B funding round on Tuesday, bringing its total capital to about $93 million….

[$$] Bitcoin Firm Ripple Gets $55 Million In Funding
Thu, 15 Sep 2016 13:00:08 GMT
The Wall Street Journal – Ripple, the San Francisco-based startup building a bitcoin-like payments platform aimed at banks, announced a $55 million Series B funding round on Tuesday, bringing its total capital to about $93 million….

The Zacks Analyst Blog Highlights: Western Digital, Seagate, Micron and Intel
Wed, 14 Sep 2016 13:30:01 GMT

Why Did Seagate Employees Sue Their Employer? — Tech Roundup
Tue, 13 Sep 2016 20:48:00 GMT
TheStreet – After a phishing scam resulted in the stealing of personal data, some employees are looking to sue Seagate.

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