This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Technical Review On Seagate Technology And Western Digital: Can Current Industry's Strength Sustain?

LONDON, January 18, 2013 /PRNewswire/ --

Many companies in the data storage devices industry impressed with their last earnings reports with strong results, high average selling prices, high margins and encouraging dividend payouts. In view of this trend, StockCall professionals have released technical reports on Seagate Technology Public Limited Company (NASDAQ: STX) and Western Digital Corporation (NASDAQ: WDC). Sign up now to download these reports at

Rising demand for high capacity storage is being driven by the exponential growth in digital content. Industry players like Seagate Technology and Western Digital, are focused on innovating new, more powerful, slimmer, more energy efficient, wireless, helium filled or TV compatible options to meet the evolving needs of consumers. Additionally, cloud computing is becoming a norm as more businesses starts to move in this direction to be more cost-effective, and one company in this space that would be making the most of this shift is Seagate Technology. A free technical report on Seagate Technology is just a click away at  

However, moving forward there is concern that the high average selling prices which industry players have been enjoying could see a decline. The disruptive effects of the Thai floods are now diminishing and this will likely lead to a rise in production and thus supply. Furthermore, the industry has recently emerged from a significant round of consolidations like the acquisition of Hitachi's hard-disk drive business early in 2012 by Western Digital Corp. [ Free Report on WDC] [ (1) ]. This acquisition has been an integral part of Western Digital's first quarter profit boost. But, now there is belief that newly formed giants as a result of M&A may enter into a price war as they battle to grow their market share.  

Over the coming two weeks data storage devices companies are scheduled to report results from the most recent quarter. Western Digital will release its earnings on January 23 rd after the market closes, whilst Seagate is expected to be reporting its results on January 28 th after the close as well. It will be interesting to see how the companies have fared over the holiday season.

  1. Western Digital Corporation Technical Analysis [ ]


1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,067.10 +16.35 0.10%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,826.9190 +16.1310 0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs