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Seagate Technology Shares Climbing Higher, Up 1.8%

Published on Mon, 05/06/2013 - 12:43
By Adrienne Chilton

Up 1.8% to $41.97, Seagate Technology (NASDAQ:STX), is one of today's notable movers. The S&P is trading higher by 0.2% to 1,618 and the Dow is trading fractionally higher to 14,977.

Seagate Technology designs, manufactures, and markets rigid disc drives for enterprise, personal computer, and consumer electronics applications.

Seagate Technology share prices have moved between a 52-week high of $42.15 and a 52-week low of $21.62 and are now trading 94% above that low price at $41.97 per share. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.3%.

Based on a current price of $41.97, Seagate Technology is currently 16.9% above its average consensus analyst price target of $34.88. The stock should find initial support at its 50-day moving average (MA) of $35.07 and further support at its 200-day MA of $31.83.

By Adrienne Chilton
achilton@fnno.com