Seagate
Technology (STX) manufactures disc drives.
Key
Information:
Fundamental:
Sector:
Technology
Industry:
Data Storage Devices
Liquidity:
Market
Capitalization: $11.63 billion
Average daily
volume (3-month): 6.8 million shares
Closing Stock
Price: $23.58
Risk
Proxies:
52-week high /
52-week low: 2.03
Beta: 3.07
Debt/Equity:
0.12
Profitable:
Yes
Valuation:
Price/Sales:
1.31
Price/Book:
3.38
Price/Earnings:
10.81
Price/2007
Analyst Earnings Estimates: 10.62
Technical
Analysis
STX completed
a double top formation Tuesday, but then rose above the pivot line
Wednesday. We believe that a secondary decline through the pivot line
would result in a sharp drop; there is little support below the pivot line, and
the stock has diverged from the market during the past couple of days.
Material
news item: The company is acquiring MXO for stock. (this is generally a negative
signal)
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Key
Levels
Stop
Short: 22.49
Below
Wednesday's lows
Stop loss:
23.76
Above
Wednesday's highs
Target:
19.76
Slightly above
support
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