When Seagate Technology ($STX) Moves Investors should Listen
October 20, 2023, 13:00 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for STX
- Buy STX slightly over 66.83 target 73.72 stop loss @ 66.64 Details
The technical summary data tells us to buy STX near 66.83 with an upside target of 73.72. This data also tells us to set a stop loss @ 66.64 to protect against excessive loss in case the stock begins to move against the trade. 66.83 is the first level of support below 67.02 , and by rule, any test of support is a buy signal. In this case, support 66.83 is being tested, a buy signal would exist.
- Short STX slightly under 73.72, target 66.83, stop loss @ 73.93 Details
The technical summary data is suggesting a short of STX as it gets near 73.72 with a downside target of 66.83. We should have a stop loss in place at 73.93though. 73.72 is the first level of resistance above 67.02, and by rule, any test of resistance is a short signal. In this case, if resistance 73.72 is being tested, a short signal would exist.
Swing Trading Plans for STX
- Buy STX slightly over 68.08, target 70.28, Stop Loss @ 67.88 Details
If 68.08 begins to break higher, the technical summary data tells us to buy STX just slightly over 68.08, with an upside target of 70.28. The data also tells us to set a stop loss @ 67.88 in case the stock turns against the trade. 68.08 is the first level of resistance above 67.02, and by rule, any break above resistance is a buy signal. In this case, 68.08, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short STX slightly near 68.08, target 66.83, Stop Loss @ 68.28. Details
The technical summary data is suggesting a short of STX if it tests 68.08 with a downside target of 66.83. We should have a stop loss in place at 68.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 68.08, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for STX
- Buy STX slightly over 67.37, target 68.08, Stop Loss @ 67.21 Details
If 67.37 begins to break higher, the technical summary data tells us to buy STX just slightly over 67.37, with an upside target of 68.08. The data also tells us to set a stop loss @ 67.21 in case the stock turns against the trade. 67.37 is the first level of resistance above 67.02, and by rule, any break above resistance is a buy signal. In this case, 67.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short STX slightly near 67.37, target 66.83, Stop Loss @ 67.53. Details
The technical summary data is suggesting a short of STX if it tests 67.37 with a downside target of 66.83. We should have a stop loss in place at 67.53 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 67.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Seagate Technology (STX) available here: STX.
STX Ratings for October 20:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
60.46 |
| P2 |
67.37 |
68.08 |
66.83 |
| P3 |
68.61 |
70.28 |
73.72 |
AI Generated Signals for STX
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Seagate Technology (NYSE: STX) report below is a real world example. Included are trading plans for STX, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for STX:
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