$STX Indecision in Seagate pre earnings, after WDC selloff
Currently attempting a breakout to all time highs as earnings approach, but the sentiment took a hit today as Western Digital issued poor guidance for the remainder of 2019.
They bulls resolve could be tested tomorrow on earnings, wise to sit on the sidelines and possibly trade the breakout if possible.
P/E ratio 8.86
Company profile
Seagate Technology Plc engages in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions. It offers its products under the Backup Plus and Expansion product lines, and Maxtor and LaCie brands. The company was founded by Finis Conner, Syed Iftikar, Doug Mahon, David Thomas Mitchell, and Alan F. Shugart in 1978 and is headquartered in Dublin, Ireland.
They bulls resolve could be tested tomorrow on earnings, wise to sit on the sidelines and possibly trade the breakout if possible.
P/E ratio 8.86
Company profile
Seagate Technology Plc engages in the development, production, and distribution of data storage products and electronic data storage solutions. Its products include hard disk drives, solid state hybrid drives, solid state drives, peripheral component interconnect express cards, serial advanced technology attachment controllers, storage subsystems and computing solutions. It offers its products under the Backup Plus and Expansion product lines, and Maxtor and LaCie brands. The company was founded by Finis Conner, Syed Iftikar, Doug Mahon, David Thomas Mitchell, and Alan F. Shugart in 1978 and is headquartered in Dublin, Ireland.