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High Expectations for Western Digital and Seagate in Fiscal 4Q17

PART:
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Part 7
High Expectations for Western Digital and Seagate in Fiscal 4Q17 PART 7 OF 7

Where Seagate Is Trading Compared to Moving Averages in July

STX’s moving averages

On July 12, 2017, Seagate (STX) closed the trading day at $39.7. Based on that figure, here’s how the stock fared in terms of its moving averages:

  • 4% below its 100-day moving average of $44.29
  • 8% below its 50-day moving average of $41.70
  • 2% below its 20-day moving average of $40.18 

Where Seagate Is Trading Compared to Moving Averages in July

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MACD and RSI

Seagate’s 14-day MACD (moving average convergence divergence) is -1.02. A negative MACD figure indicates an upward trading trend. Remember, MACD measures the difference between a stock’s long-term and short-term moving averages.

Seagate’s RSI (relative strength index) is 41, indicating that the stock is somewhat oversold. If a stock’s RSI is above 70, it indicates that a stock has been overbought. An RSI below 30 suggests that a stock has been oversold.

Analyst recommendations

Of the 30 analysts that cover Seagate’s stock, eight recommend a “buy,” and 20 recommend a “hold.” There were two “sell” recommendations. The analysts’ average 12-month price target on the stock is $46.4, with a median price target of $45. Seagate is trading at a 13.3% discount to median target estimates.

Peer storage firms IBM (IBM), Hewlett Packard Enterprise (HPE), and NetApp (NTAP) are trading at discounts of 7.3%, 19.2%, and, 8.2%, respectively, to average analyst price target estimates.

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