Seagate Technology (STX) NewsBite - STX Upgraded By Stifel Nicolaus
Posted: Thursday, April 30, 2009 1:35 PM EDT
By: Market Intelligence Center Staff
Seagate Technology (STX) was upgraded today by analysts at Stifel Nicolaus and the stock is now at $8.20, up $0.76 (10.22%) on volume of 11,197,223 shares traded. The brokerage upgraded STX to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $2.98 to a high of $22.78. Seagate Technology stock has been showing support around $6.82 and resistance in the $7.88 range. Technical indicators for the stock are bearish and S&P gives STX a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on STX the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 6 range. [ABR-Seven Summits Strategic Investments NewsBite]
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