Seagate (STX) Offering Possible 11.61% Return Over the Next 7 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 11.61% return on risk over the next 7 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 $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock rose above the $55.00 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 25.11 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

Chip stocks – including Micron – are tanking as Wall Street sees falling memory chip demand
Wed, 12 Sep 2018 13:38:00 +0000
Semiconductor stocks are dropping Wednesday after Goldman Sachs warns about deteriorating memory chip demand.

Seagate Expands Portfolio by Launching 14 TB Hard Drive Disks
Tue, 11 Sep 2018 13:15:01 +0000
Seagate's (STX) expanding portfolio is likely to boost its competitive position in the market

Seagate Unveils Industry’s Most Advanced 14TB Data Storage Portfolio
Mon, 10 Sep 2018 12:01:00 +0000
Seagate Technology (STX), a world leader in data storage solutions, today launched the industry’s widest range of advanced 14TB hard drives, enhancing the company’s enterprise and specialty drive portfolio. Consisting of IronWolf® and IronWolf® Pro for network attached storage (NAS) applications, the BarraCuda® Pro desktop drive, surveillance-optimized SkyHawk™, and Exos™ X14 for hyperscale data centers, this purpose-built portfolio empowers customers to consume, manage and utilize digital data more effectively and efficiently while establishing new benchmarks in speed and capacity.

Tesla’s accountant quit after concluding Musk was ignoring go-private advice
Fri, 07 Sep 2018 18:07:00 +0000
Tesla Chief Accounting Officer Dave Morton resigns after feeling he wasn’t being heard or understood by other Tesla executives, including CEO Elon Musk. Tesla TSLA ‘s now former chief accounting officer, Dave Morton, quit the company after concluding CEO Elon Musk wasn’t interested in accounting details around a potential take-private transaction, according to people familiar with the matter.

Tesla shares plunge following pair of executive departures, Musk’s podcast interview
Fri, 07 Sep 2018 14:05:22 +0000
Tesla shares plunged more than 10 percent after a pair of senior executives said they were quitting the company — one, after just a month on the job — and CEO Elon Musk appeared on a wide-ranging interview with comedian podcaster Joe Rogan where he smoked marijuana, drank whisky and lit a flamethrower.

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