Seagate Technology (STX) NewsBite - STX Hits 52-Week High

Posted: Thursday, September 10, 2009 2:42 PM EDT

Seagate Technology (NasdaqNM: STX) hit a new 52-Week high of $15.23 so far today. Currently the stock is up $0.17 (1.14%) to $15.10 on 6,723,512 shares traded. Today's high is up $12.12 from a 52-Week Low of $2.98. Seagate Technology stock has been showing support around $14.40 and resistance in the $15.32 range. 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]

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