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Xiamos
Jan 26, 2017 2:19 AM

STX long Long

Seagate Technology Holdings PLCNASDAQ

Description

may consider STX as a pullback buy at the .61 retracement around 41 which is also the recent breakout level and about 10% above closing before earnings release. stops at pivot level would be too far off though at least the +6% level should hold. stops then little below that level around 39 which is also the uptrending 50dma

a gap down to that 41 level and seeing buyers jumping in would make me go with them. short interest of about 12% may help limit the down side also as bears may want to cut losses

Comment

missed that one. didnt do my downgap entry...
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