Seagate Technology (STX) NewsBite - STX Hits 52-Week High
Posted: Thursday, December 24, 2009 12:42 PM EDT
Seagate Technology (NASDAQ: STX) hit a new 52-Week high of $18.11 so far today. Currently the stock is up $0.13 (0.72%) to $18.08 on 1,327,597 shares traded. Today's high is up $15.10 from a 52-Week Low of $2.98. Seagate Technology stock has been showing support around $17.80 and resistance in the $18.12 range. Technical indicators for the stock are bullish and S&P gives STX a positive 4 STARS (out of 5) buy ranking. STX is enjoying a nice jump today, and the stock rose up to a new 52 week high earlier in the day. If you are looking for a hedged play on STX the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]
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