| 2016-10-18 14:37:55|
STX 14:37 10/18 10/18/16
Seagate technical comments ahead of earnings news
Shares have been in a recovery uptrend off the lows of May of this year. If the news continues to be positive, the uptrend may extend. Resistance levels to watch as potential upside objectives are at $37.45, $38.55, $40 and the 52-week high at $41.83. If the news is a negative surprise, a breakdown below $34 would snap the uptrend support line which would be bearish for future price. Next support levels to watch below $34 as potential downside objectives are at $32.75, $31.55, the $30 area, and $29.20.