Seagate (STX) Offering Possible 7.53% Return Over the Next 8 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $50.00 short call and a strike $55.00 long call offers a potential 7.53% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $55.00 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 below 20 which suggests that the stock is in oversold 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

Samsung HDD Business Unit Unveils High Capacity Media Streaming Device
Mon, 12 May 2014 07:01:00 GMT
Business Wire – Seagate Technology plc today announced that its Samsung® HDD business unit is shipping its new Samsung Wireless media device for mobile users. Consumers can now carry up to 750 movies, and unprecedented libraries of music and photos everywhere they go.

The Time To Hedge Is Now! Do It For Less – Part VII
Fri, 09 May 2014 04:45:00 GMT
Seeking Alpha – Back to Part VI Bullets:

SEAGATE TECHNOLOGY PLC Financials
Wed, 07 May 2014 17:04:15 GMT

Seagate, the Pioneer in Wireless Storage, Introduces a Family of Wireless Solutions with New Enhanced Features
Tue, 06 May 2014 15:00:00 GMT
Business Wire – Seagate Technology plc today announced the next evolution in the company’s wireless storage category. Seagate® Wireless Plus mobile device storage now consists of a family of capacities at 500GB, 1TB and 2TB versions to suit every need along with integration with cloud services, such as Dropbox and Google Drive.

Seagate: Why You Should Accumulate On Dips
Tue, 06 May 2014 06:50:58 GMT
Seeking Alpha – Seagate Technology PLC ( STX ), the hard disk drive manufacturer, reported less-than-stellar fiscal third-quarter results. Revenues were adversely impacted by unit shipments in the client compute segment …

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