Seagate Technology Breaks: Nasty Collapse Underway
InTheMoneyStocks.com | Aug 09, 2018 12:38PM ET
Shares of Seagate Technology (NASDAQ:STX) fell sharply lower on Thursday, falling over 7% to $51. The 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 in the coming months.
A drop to $43 looks likely.
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