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Seagate & Western Digital Fall From The Clouds



November 15, 2013 – Comments (1) | RELATED TICKERS: STX , WDC

Today, both of the leading computer disk drive makers Western Digital Corporation (NASDAQ:WDC), and Seagate Technology Company (NASDAQ:STX) are declining sharply lower on the trading session. Day traders should note that every stock has a support level that investors and traders will buy after a decline. Day traders should now watch the $47.45 level for STX stock as being intra-day support. This is a level where the stock could stage a bounce. WDC should have solid intra-day support around the $71.18 area. This is a level where the stock broke out on November 13th so it should be decent support for today if the stock declines into that level. Please understand, these are just day trading support levels only. 

Nicholas Santiago

1 Comments – Post Your Own

#1) On November 15, 2013 at 12:09 PM, constructive (99.97) wrote:

There is absolutely nothing sharp about a 1 or 2% decline. If you call that sharp, what do you call a 20 or 30% decline?

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