Seagate (STX) Offering Possible 5.04% Return Over the Next 31 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 5.04% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $55.00 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 71.98 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

Seagate Technology
Tue, 18 Nov 2014 23:43:00 GMT

Seagate Gets Price Target Raise, Signs Reseller Pact
Tue, 18 Nov 2014 18:07:00 GMT
Investor's Business Daily – Disk-drive maker Seagate Technology (STX) got a price target hike from RBC Capital Markets on Tuesday, and the company also announced a reseller agreement with high-performance computing specialist SGI …

Seagate Demonstrates Open Source Commitment
Tue, 18 Nov 2014 16:38:00 GMT
Business Wire – Seagate Technology plc , a world leader in storage solutions, today announced that as part of its continued commitment to open source communities, the contribution of an Apache Hadoop on Lustre® Connector.

Insider Trading Alert – STX, BWLD And LVLT Traded By Insiders
Tue, 18 Nov 2014 16:00:00 GMT

Seagate Announces Reseller Agreement with SGI
Tue, 18 Nov 2014 14:16:19 GMT
noodls – High Performance Computing Leader to Resell Seagate's Award-Winning ClusterStor Solutions CUPERTINO, CA and MILPITAS, CA – Nov. 18, 2014 – Seagate Technology plc (NASDAQ: STX), a world leader in storage …

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