Seagate Technology (STX) NewsBite - Seagate Up on Durable Goods Orders Data

Wednesday, August 27, 2008 9:59 AM EDT

Seagate Technology (NYSE: STX) opened at $15.51. So far today, the stock has hit a low of $15.51 and a high of $15.96. STX is now trading at $15.94, up $0.32 (2.05%). The stock hit its 52-Week high of $28.91 in August and set its 52-Week low of $14.27 in July. Seagate Technology shares have been climbing today along with the broader market on news that durable goods orders rose more than expected. The Commerce Department says durable good rose 1.3 percent in July, led by a big increase in demand for commercial aircraft. Technical indicators for the stock are neutral and S&P gives STX a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on STX the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 12.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (STX)