[June 18, 2013] Seagate Technology Set to Possibly Pullback After Yesterday's Rally of 2.23% Tweet Jun 18, 2013 (SmarTrend(R) News Watch via COMTEX) -- Seagate Technology (NASDAQ:STX) traded in a range yesterday that spanned from a low of $44.04 to a high of $45.05. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $44.44 on volume of 4.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. In the past 52 weeks, Seagate Technology share prices have been bracketed by a low of $22.59 and a high of $45.05 and are now at $45.00, 99% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.2%. SmarTrend recommended that subscribers consider buying shares of Seagate Technology on March 12th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.09. Since that recommendation, shares of Seagate Technology have risen 29.1%. We continue to monitor STX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]