STX - soon to break new historic highs

Whilst the main market saw some choppy action, Seagate (STX) opened significantly higher, and built gains across the day, closing +2.8% @ $45.94. Mid/long term trend remains very bullish, and a break above the July high in the $47s looks very likely within the very near term.


STX, daily

Summary

Just a brief update (see more detailed post from last week).

Despite a somewhat weak main market, STX is excelling, and continues to look very strong.

If the main market can build new gains across this month, then STX could spike into the $50s, as it increasingly attracts more attention from the mainstream. Indeed, even the Cramer on clown finance TV was highlighting STX this morning.