Seagate's most recent trend suggests a bearish bias. One trading opportunity on Seagate is a Bear Call Spread using a strike $54.50 short call and a strike $59.50 long call offers a potential 46.63% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $54.50 by expiration. The full premium credit of $1.59 would be kept by the premium seller. The risk of $3.41 would be incurred if the stock rose above the $59.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Seagate is bearish and the probability of a decline 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 31.79 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Seagate
Seagate Technology’s Lyve Labs Opens Doors in Tel Aviv to Enable Innovations
Thu, 13 Feb 2020 09:30:00 +0000
Seagate® Technology plc (NASDAQ: STX), a world leader in data storage and management solutions, today officially opens its Lyve™ Labs Israel.
Seagate opens innovation lab in Israel
Thu, 13 Feb 2020 08:42:25 +0000
Edited Transcript of STX earnings conference call or presentation 4-Feb-20 10:00pm GMT
Tue, 11 Feb 2020 06:10:59 +0000
Q2 2020 Seagate Technology PLC Earnings Call
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