• Return to Headlines

Watch for Seagate Technology to Potentially Rebound After Falling 1.83% Yesterday

By Nick Russo

Seagate Technology (NASDAQ:STX) traded in a range yesterday that spanned from a low of $45.95 to a high of $46.79. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $46.01 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 24.0%. We continue to monitor STX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Seagate Technology share prices have moved between a 52-week high of $59.86 and a 52-week low of $18.42 and are now trading 150% above that low price at $46.04 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.8% while the 200-day MA has slid 1.5%.

Keywords: rebounders Seagate Technology

Ticker(s): STX