Seagate (STX) Offering Possible 19.31% Return Over the Next 8 Calendar Days

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Seagate’s most recent trend suggests a bullish bias. One trading opportunity on Seagate is a Bull Put Spread using a strike $55.50 short put and a strike $50.00 long put offers a potential 19.31% 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 $55.50 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock dropped below the $50.00 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 28.01 level which suggests that the stock is neither overbought nor oversold at this time.

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Edited Transcript of STX earnings conference call or presentation 1-May-18 1:00pm GMT
Tue, 08 May 2018 14:48:11 +0000
Q3 2018 Seagate Technology PLC Earnings Call

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