Disk Drive Makers Nose Dive
Leading disk drive makers Seagate Technology Public Limited Company (NASDAQ:STX), and Western Digital Corporation (NYSE:WDC) are both trading sharply lower today. Both companies are scheduled to report earnings today. Money seems to be flowing out ahead of the earnings reports, so it is understandable that much of the good news might be already baked into the current stock price. Short term day traders should watch for intra-day support on STX stock around the $45.00 level. WDC stock will have intra-day chart support around the $67.50 level.