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Seagate Technology In Retrospect: Shares Up 0.7% Since Upgraded One Week Ago (STX)

By James Quinn

One week ago Seagate Technology (NASDAQ:STX) was upgraded from Hold to Buy at Benchmark. The stock closed at $35.34, which is 0.7% higher than the price one week ago ($35.10).

Seagate Technology has overhead space with shares priced $35.34, or 20.0% below the average consensus analyst price target of $44.18. The stock should hit resistance at its 200-day moving average (MA) of $37.65, as well as support at its 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