Seagate Technology In Retrospect: Shares Up 0.7% Since Upgraded One Week Ago (STX)
Needham upgraded Seagate Technology (NASDAQ:STX) from Buy to Strong Buy a week ago. The shares closed at $35.34, or 0.7% over the $35.10 price of one week ago.
Seagate Technology (NASDAQ:STX) has potential upside of 25.0% based on a current price of $35.34 and analysts' consensus 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