Seagate (STX) Offering Possible 9.34% Return Over the Next 8 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $48.50 short put and a strike $43.00 long put offers a potential 9.34% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $48.50 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $5.03 would be incurred if the stock dropped below the $43.00 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 66.15 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 (STX) Stock Moves -1.93%: What You Should Know
Wed, 01 Apr 2020 21:50:09 +0000
Seagate (STX) closed at $47.86 in the latest trading session, marking a -1.93% move from the prior day.

Top 5 ROE Stocks to Buy as Markets Await Stimulus Package
Wed, 25 Mar 2020 13:03:01 +0000
ROE is often used to compare the profitability of a company with other firms in the industry ??? the higher, the better.

3 High-Yield Tech Stocks to Buy to Help Ride Out Coronavirus Storm
Fri, 20 Mar 2020 20:06:08 +0000
Here are three tech stocks that might be solid longer-term investments, even if we haven't hit a bottom. On top of that, their higher dividend yields should help provide much-needed income during the coronavirus downturn…

Seagate (STX) Stock Sinks As Market Gains: What You Should Know
Thu, 19 Mar 2020 21:50:09 +0000
In the latest trading session, Seagate (STX) closed at $42.65, marking a -0.79% move from the previous day.

Seagate Technology plc (NASDAQ:STX) Pays A US$0.65 Dividend In Just 4 Days
Thu, 19 Mar 2020 10:18:53 +0000
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Seagate…

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