Seagate (STX) Offering Possible 9.89% Return Over the Next 14 Calendar Days

Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $34.00 short call and a strike $39.00 long call offers a potential 9.89% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $34.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $39.00 long call 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 down which suggests that the medium-term momentum for Seagate is bearish.

The RSI indicator is at 28.28 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

Micron Technology, Inc. (MU) Stock Is Still a Buy!
Wed, 02 Aug 2017 14:05:29 +0000
Micron Technology, Inc. (NASDAQ:MU) has been more bust than boom in recent weeks. MU stock is a tiger demanding to be rode, as supported by a multiyear boom cycle in the DRAM and flash markets. On Tuesday, the former hedge fund manager backtracked on his prior long-term bullishness. Cramer questions if DRAM prices have climbed too high and whether a supply glut is building quietly in the background as competition tries to capture some of the action while the getting is still favorable.

Edited Transcript of STX earnings conference call or presentation 26-Apr-17 1:00pm GMT
Tue, 01 Aug 2017 21:57:52 +0000
Q3 2017 Seagate Technology PLC Earnings Call

Why Seagate Shares Fell in July
Tue, 01 Aug 2017 19:10:26 +0000
Shares of technology (QQQ) storage firm Seagate (STX) fell ~15% in July 2017 to close the month at $32.96.

How Seagate Technology plc Stock Fell 15% in July
Tue, 01 Aug 2017 17:28:00 +0000
Wall Street wore its long-term blinders again, focusing on more transient issues with the hard drive maker's business instead.

Why Seagate May Be Shunned for Much Longer
Sat, 29 Jul 2017 13:20:46 +0000
There are so many tech stocks that are on fire and hitting every metric that you have to worry about investors turning their back on Seagate for multiple quarters ahead.

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