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Article: Schaeffer's Options Report: Bullish Opportunities for Seagate Technologies (STX).
- Article from:
- Business Wire
- Article date:
- August 13, 2009
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CINCINNATI -- One of the shining stars of the hardware sector is Seagate Technologies (NYSE: STX). On July 21, the hard disk drive manufacturer reported a fourth-quarter profit of 6 cents per share, excluding items, blowing away Wall Street's consensus estimate for a loss of 10 cents per share. Furthermore, STX said it expects first-quarter revenue to arrive in a range of $2.4 billion to $2.6 billion. Analysts were expecting $2.41 billion for the quarter.
The stock has been equally impressive on the technical front, as STX has rallied more than 182% since the beginning of the year. The stock has also bested the SPX by more than 39% on a relative-strength basis ...