Technical Analysis: This Data Storage Company Is Breaking Its Downtrend

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Seagate Technology has spent the last five months pulling back. But now it may be turning around.

The main pattern on today’s chart is the descending trendline that started in May and ran along the peaks of August and September. Notice how STX closed above that line on Friday.

Next, the jump followed two weeks of consolidation along …

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Seagate Technology (STX), daily chart with selected patterns, courtesy of TradingView.
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