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Seagate Technology Fulfills the Promise: Up 0.7% Since Last Week's Upgrade

By Nick Russo

One week ago Seagate Technology (NASDAQ:STX) was upgraded from Buy to Strong Buy at Needham. The shares closed at $35.34, or 0.7% over the $35.10 price of one week ago.

Seagate Technology has overhead space with shares priced $35.34, or 20.0% below the average consensus analyst price target of $44.18. Seagate Technology shares should encounter resistance at the 200-day moving average (MA) of $37.65 and support at the 50-day MA of $31.05.

SmarTrend is monitoring the recent change of momentum in Seagate Technology. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Seagate Technology in search of a potential trend change.

Keywords: analyst reflections Seagate Technology

Ticker(s): STX