Seagate (STX) Offering Possible 9.17% Return Over the Next 4 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $46.00 short put and a strike $41.00 long put offers a potential 9.17% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $46.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $41.00 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

Why Seagate Technology plc Gained 18% in January
Thu, 09 Feb 2017 23:18:00 GMT

Seagate Technology Plc : STX-US: Dividend Analysis : December 21st, 2016 (record date) : By the numbers : February 7, 2017
Tue, 07 Feb 2017 17:22:35 GMT

Earnings Estimates Moving Higher for Seagate Technology (STX): Time to Buy?
Mon, 06 Feb 2017 13:49:01 GMT

Here's a Juicy Dividend Stock You Just Have to Buy
Sat, 04 Feb 2017 15:33:00 GMT
TheStreet – There is still upside left in this one.

SEAGATE TECHNOLOGY PLC Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial
Fri, 03 Feb 2017 17:09:05 GMT

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