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

By Amy Schwartz

Seagate Technology (NASDAQ:STX) crossed under its 10-day moving average of $25.78 on a volume of 8.0 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Seagate Technology share prices have moved between a 52-week high of $60.09 and the current low of $22.51 and are currently at $22.70 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Seagate Technology on April 14th, 2016 by issuing a Downtrend alert when the shares were trading at $28.39. Since that call, shares of Seagate Technology have fallen 5.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Seagate Technology

Ticker(s): STX