Seagate Technology

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Nearest Resistance: $32

Nearest Support: $28

Catalyst: Earnings

Meanwhile, hard drive maker Seagate Technology ( STX) is seeing heavy trading today after the firm announced a mix earnings report for its fiscal fourth quarter: Seagate reported record numbers for the fourth quarter, but the firm tempered growth expectations for fiscal 2013.

>>10 Top-Rated Tech Stocks With Big Dividends

While shares opened much lower this morning, they've been clawing their way back up as the trading session progresses. As I write, Seagate is down 4.3% on the day.

Despite the lower price, Seagate's trading looks pretty decent. The fact that shares have slowly been climbing higher in today's session means that shares can catch a bid at current prices -- always a good thing. At the same time, longstanding resistance at $32 is pretty near by. I'd be a buyer if STX can push above that $32 level once and for all.

If you liked this article you might like

The 6 Medications Being Used to Tackle the Opioid Epidemic

Allergan's Restasis Patent Transfer to Face Precedent-Setting Legal Battle

Friday Selloff May Be On Its Way; Tenet Gears Up for Sale -- ICYMI

Dow Posts Fresh Record, Third in a Row, but S&P 500 and Nasdaq Fall