Wednesday, October 19, 2016

Amazon Chart Analyzed: Likely Earnings Collapse Coming

Major Trade Opportunity: This Stock Is Testing A Critical Level, Buy It Here!

Disk Drive Stocks Dive After Seagate Earnings

This morning, leading data storage and disk drive maker Seagate Technologies PLC (NASDAQ:STX) reported earnings. Today, the stock is trading lower by $1.46 to $33.88 a share. STX stock is now trading down to its recent daily chart double bottom from October 13th, 2016. This level seems to be holding as support so far today. Should this support level break the next near term support level for STX stock will be around the $31.34 level. Western Digital Corp(NASDAQ:WDC) is another leading stock in the disk drive sector that is trading lower in sympathy to STX today.

Nick Santiago

The Gman sold $GDX

The Gman sold $GDX in the Research Center for +8.32% profit! Get the next trade now right here:

Whipsaw Wednesday: INTC, CREE, MS & More In Play Today