Today the market moved upwards pretty hard.  Scanning for stocks moving across moving averages on volumes almost gave us the whole damn market back.  Looking the other direction, we scanned for anything that moved downwards on increased volume, and took out all the resource companies.  Staring back at us was Seagate:

Seagate Equivolume 60

A technology stock that was unable to ride the markets surge today.  Instead, missed expectations and lowering forward looking growth lead the price to slaughter.  If the next couple of days are just a correction in an overall prevailing bear market, I don't think Seagate's future is very promising.  Looking at a little bit longer timeframe:

Seagate Equivolume 200

There could be a bit of a pullback after yesterday's carnage, and perhaps some opportunities for profit

[Post to Twitter] Tweet This Post