• Return to Headlines

After Yesterday's Rally of 2.33% Shares Could Potentially Pullback

By Shiri Gupta

Seagate Technology (NASDAQ:STX) traded in a range yesterday that spanned from a low of $49.53 to a high of $50.96. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $49.68 on volume of 3.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Seagate Technology on November 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.79. Since that recommendation, shares of Seagate Technology have risen 30.8%. We continue to monitor STX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Seagate Technology have traded between a low of $18.42 and a high of $59.86 and are now at $50.74, which is 175% above that low price. The 200-day and 50-day moving averages have moved 1.46% lower and 2.84% lower over the past week, respectively.

Keywords: rebounders Seagate Technology

Ticker(s): STX