STX – RS Leader in Electronics Tech, Strong Post-Earnings Momentum
$Seagate Technology PLC(STX)$ – RS Leader in Electronics Tech, Strong Post-Earnings Momentum
Last week we played a game to examine STX ATR multiple extension from its 50-MA. It was 4.8x on Thursday and it further tightened to 4x on Friday. It also marked 3 straight sessions of notable relative strength following its Q2 earnings release after Tuesday’s close.
If this volatility continues to contract into a classic VCP structure, STX will be upgraded from a stalk candidate to a prime focus name for me, especially as the broader market may further recalibrates this week.
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