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Bullish Moving Average Cross by Seagate Technology (STX)

By Shiri Gupta

Today, shares of Seagate Technology (NASDAQ:STX) have crossed bullishly above their 10-day moving average of $31.66 on a volume of 735K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Seagate Technology have traded between a low of $18.42 and a high of $59.86 and are now at $32.06, which is 74% above that low price. The 200-day and 50-day moving averages have moved 1.46% lower and 2.84% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Seagate Technology on May 31st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.10. Since that recommendation, shares of Seagate Technology have risen 42.8%. We continue to monitor STX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Seagate Technology

Ticker(s): STX