The Traderszone Network

Published in TZ Latest News 26 July, 2014 by The TZ Newswire Staff

Why Seagate Is A Buying Opportunity

By Arie Goren:

Although Seagate Technology (NASDAQ:STX) reported on July 17 results that were in line with expectations, its stock dropped 2.97% in the next trading day. The decline in the stock price came out even though on a conference call following the report Seagate management projected revenue for this quarter of $3.55 billion, above the consensus of $3.53 billion. However, since late 2011, STX’s stock has been in a continuous strong uptrend.

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