Seagate technology holdings (STX) - could we have a small ride on the cards here?

[|Erol|]

Hey Guys,

Seagate technology holdings (STX) :clover: just hit a new 52 week high last week.

Daily ADX is just below 30 @ 26.38 (Di @ 38.1/Di- @ 11.85) seems to be signalling an uptrend for the last 14 days. ADX has not declined since and is rising. It's outperforming the NASDAQ ranging from 40-60% since mid December 2011. However, ROC is still low signalling it may be a good time to jump in. Please find 3 charts attached

The down side is there has been a bit of insider selling of the stock: $1.3M of STX sold by William Mosley (Evp, Sales And Marketing) between 01/12/2012 - 01/13/2012 — MarketBrief


Has any body been looking at this stock recently - looks like a new trend could be establishing itself. Any thoughts? looking forward to some healthy discussion

Thanks for your time,

E

 

[StockTiger]

Chart.ly - StockTiger: @EROL On weekly chart no oversold B band or RSI so 2010 high in sight - inverse H&S a...

The 2010 high looks as thou8gh it is calling - RSI not yest over 70 and has room on Bollinger band on weekly - on daily may have to pull back. There is an inverse H&S and if it played out it measures to about $26 but first would also need the break over 21

 

[|Erol|]

Thanks for the insight StockTiger - much appreciated! WIll be looking to enter on a dip closer to the mid BB line but if the technicals are pointing in the right direction still.

 

[|Erol|]

dipped below the 20 today - could be the makings of a reversal....oh so many possibilities