Seagate (STX) Offering Possible 30.21% Return Over the Next 21 Calendar Days

Seagate's most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $52.00 short put and a strike $47.00 long put offers a potential 30.21% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.00 by expiration. The full premium credit of $1.16 would be kept by the premium seller. The risk of $3.84 would be incurred if the stock dropped below the $47.00 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

Gauging Seagate's Sensitivity To Changes In Gross Margins
Wed, 24 Jan 2018 19:30:00 +0000
Hard drive manufacturer Seagate has had a positive 2017 after posting mixed results in 2015 and 2016. Seagate witnessed a decline in revenues through fiscal 2015 and 2016, which was exacerbated by a sustained period of low gross margins.

Western, Seagate Get Good News From Nidec, Says Susquehanna
Wed, 24 Jan 2018 17:38:00 +0000
Good news for Western Digital (WDC) and Seagate Technology (STX): The hard disk drive market is looking better than expected this quarter, according to a report this morning from Susquehanna’s Mehdi Hosseini, who cites upbeat data from Nidec (6594JP), the maker of motors that power drives. Nidec held a conference call this morning with investors to discuss quarterly results, and on that call, the company reported that the hard disk drive market in the December quarter was 103 million units globally, which was higher than Hosseini’s own projection for 102 million units.

Seagate Technology Longs Have a Tiger by the Tail
Wed, 24 Jan 2018 17:17:00 +0000
It has been one of my better recommendations. What should we do now?

S&P 500 Beats 54-Year Old Record: Top 5 Gainers
Wed, 24 Jan 2018 14:07:02 +0000
The S&P 500 scaled the 12th record close so far in January, topping the previous high of 11 since 1964.

See what the IHS Markit Score report has to say about Seagate Technology PLC.
Wed, 24 Jan 2018 13:06:55 +0000
Seagate Technology PLC NASDAQ/NGS:STX

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