Seagate Technology(STX) is in an downtrend

(28-Apr-2008) (28-Apr-2008) Seagate Technology(STX) closed at 19.19, down -0.2 or -1.03 % today. Based on our analysis, Seagate Technology(STX) is in an downtrend.

The closing price of Seagate Technology(STX) is below its 50 day moving average of 21.45 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Seagate Technology(STX) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line on 11-Apr-2008, about 13 trading days ago.