Surviving OCZ: More Than a Hard Drive Crash
Intel offers consumer-grade SSD drives; however, the last time I checked on prices, the Intel brand sells at a considerable premium. If Intel grows their SSD market and or becomes aggressive with pricing, it could quickly change the outlook for OCZ.
Seagate reports after the closing bell on July 30, 2012, and the market is not pricing in the disappointment by OCZ. Seagate continues to trade off the technical support areas and appears to have a couple of price tests coming up.
Seagate is trading just below the 60- and 90-day moving averages and is well above the widely watched 200-day moving average. If Seagate is growing despite OCZ's record revenue, Seagate may sail above the resistance and use the moving averages as support.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage. At the time of publication, the author held no positions in any of the stocks mentioned.
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