Seagate Gaps-Up After Summer Swoon

Filed under: Stocks to Buy

Talk about close calls. Seagate Technology (STX), first discussed here on July 8, 2009 at a price of $9.50, came within about 80 cents of the $9 sell/stop loss this summer, during a bear-hug pattern plunge from $21.70.



Hopefully, you were able to withstand the swoon and retained the shares, as I still like STX. Here's why:



Seagate's 2010 revenue will likely jump 10-15% in fiscal 2010 and another 10% 2011, propelled higher by adequate pc sales growth and the continued transition to digital content.

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Seagate Gaps-Up After Summer Swoon originally appeared on BloggingStocks on Mon, 25 Oct 2010 17:30:00 EST. Please see our terms for use of feeds.

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