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Seagate Technology $STX Chart Breaks, Nasty Collapse Underway

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ITMS Member Level  Thursday, 08/09/18 12:27:19 PM
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Seagate Technology $STX Chart Breaks, Nasty Collapse Underway

Shares of Seagate Technology (NASDAQ: STX) fell sharply lower on Thursday, falling over 7% to $51.00. This collapse is major and investors should be worried. The stock chart not only broke below the daily 200 moving average, but breached an epic trend line of support. The break of both these levels will likely spell significant downside for Seagate Tech in the coming months. A drop to $43.00 looks likely.




Gareth Soloway
InTheMoneyStocks

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