Seagate Technology (STX) NewsBite - STX Upgraded By Deutsche Securities
Posted: Thursday, June 25, 2009 1:17 PM EDT
By: Market Intelligence Center Staff
Seagate Technology (STX) was upgraded today by analysts at Deutsche Securities and the stock is now at $9.52, down $0.36 (-3.64%) on volume of 14,816,847 shares traded. The analysts upped STX to Hold from Sell. Over the last 52 weeks the stock has ranged from a low of $2.98 to a high of $20.29. Seagate Technology stock has been showing support around $9.32 and resistance in the $10.34 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 December out-of-the-money bull-put credit spread below the 8 range. [ABR-Seven Summits Strategic Investments NewsBite]
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