STX most probable movementI would be surprised to see a break of 45 which is main sup at the moment.
came up with big volume.
good place for a swing.
not financial advice.
stay safe.
STX/N trade ideas
Seagate Tech Upgraded to Outperform $stx
Reversal potential from oversold conditions
Strong support found on Friday.
Upside target $53
P/E ratio 7.78
Short interest 5.2%
Average analysts price target $58
Company profile
Seagate Technology Plc engages in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions. It offers its products under the Backup Plus and Expansion product lines, and Maxtor and LaCie brands. The company was founded by Finis Conner, Syed Iftikar, Doug Mahon, David Thomas Mitchell, and Alan F. Shugart in 1978 and is headquartered in Dublin, Ireland.
$STX Indecision in Seagate pre earnings, after WDC selloff Currently attempting a breakout to all time highs as earnings approach, but the sentiment took a hit today as Western Digital issued poor guidance for the remainder of 2019.
They bulls resolve could be tested tomorrow on earnings, wise to sit on the sidelines and possibly trade the breakout if possible.
P/E ratio 8.86
Company profile
Seagate Technology Plc engages in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions. It offers its products under the Backup Plus and Expansion product lines, and Maxtor and LaCie brands. The company was founded by Finis Conner, Syed Iftikar, Doug Mahon, David Thomas Mitchell, and Alan F. Shugart in 1978 and is headquartered in Dublin, Ireland.
Seagate Bullish Breakout but watch RSICompany profile
Seagate Technology Plc engages in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions. It offers its products under the Backup Plus and Expansion product lines, and Maxtor and LaCie brands. The company was founded by Finis Conner, Syed Iftikar, Doug Mahon, David Thomas Mitchell, and Alan F. Shugart in 1978 and is headquartered in Dublin, Ireland.
$STX Seagate Tech Earnings Next Week - Bearish Options Activity$STX Seagate Technologies Earnings Next Week - Bearish Options Activity
Big bearish earnings bet today on Seagate Technologies - with almost 17k $45.00 strike (ATM) March 15th puts traded vs OI of under 3k for total premium of $4.6M. See chart for near and medium term targets - assumes earnings next week is a miss and/or guidance/future outlook provided is below expectations.
Note: Informational analysis, not investment advice.
