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Technical Analysis
- 11/18/2009 8:56:20 AM
By Chip Brian, SmarTrend Analytics Team
Seagate Technology (NASDAQ: STX) downgraded to Underperform at BofA/Merrill Lynch. The stock closed yesterday at $17.18 on volume of 12,763,600 shares, above average daily volume of 11,942,361.
Seagate Technology is currently above its 50-day moving average of $15.29 and above its 200-day moving average of $10.01.
SmarTrend is bullish on shares of STX and our subscribers received an Uptrend alert on May 22, 2009 at $8.26, which has returned 108.1% to date.
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