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Seagate Technology Crosses Above its 10-day MA (STX)

By James Quinn

Today, shares of Seagate Technology (NASDAQ:STX) have advanced above their 10-day MA of $36.19 on a volume of 896K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Seagate Technology has traded in a range of $18.42 to $59.86 and is now at $36.43, 98% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.8% while the 200-day MA has slid 1.5%.

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 60.8%. 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