Seagate Technology (STX) NewsBite - STX Trading Sharply Higher In Afternoon Trader
Posted: Thursday, November 12, 2009 12:42 PM EDT
By: Market Intelligence Center Staff
Seagate Technology (NasdaqNM: STX) hit a new 52-Week high of $16.96 so far today. Currently the stock is up $0.60 (3.68%) to $16.90 on 9,438,768 shares traded. Today's high is up $13.92 from a 52-Week Low of $2.98. Seagate Technology stock has been showing support around $15.80 and resistance in the $16.56 range. Technical indicators for the stock are bullish and S&P gives STX a positive 4 STARS (out of 5) buy ranking. Seagate is up sharply today to new 52 week highs. If you are looking for a hedged play on STX the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 14 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Seagate Technology (STX) Stock ReportSee what our analysts have uncovered about Seagate Technology (STX).