Seagate Technology (STX)Another breakout with big volume after two months base. It can be followed by a pull back near the old resistance, but we recall you that the last pattern similar to this one, presented by us in 08.01.2007 (16 days) gives a return of 27% from 6.71 usd to 8.52 usd.
Enter long if you have favourable intraday evidence, but in the markets you are always under uncertainty, so put a stop near 27, the zone of the two months resistence.
The price/book number for this one is 2.93. There is "space" for a move.
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