Seagate following the trend
Sunday, September 02, 2007
Shares of Seagate closed up on Friday to $25.82 per share, for the third day in a row. Stock continues following the uptrend after has broken on Wednesday, the major resistance of $25. All Inidcators are showing strong Bullish momentum without signals of weakness, MACD is above 0 and RSI above the confortable zone of 50, and with more space to move up before reach overbougth conditions. Support is now at $25 and Resistance at $25.93. Stock is in a breakout mode, so the trend is up.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: STX