Quick Win By the Algorithm: STX

Quick Win by the Algorithm

Seagate Technology (STX)

On July 11th, 2016, the I Know First algorithm was bullish on STX, giving a 12.94 signal, and 0.04 predictability index. Fourteen days later, STX experienced a quick win and rose 30.95%.

Quick Win

Seagate Technology Public Limited Company (STX), designs, manufactures, and sells electronic data storage products in the Asia Pacific, the Americas, and EMEA countries. The company is based out of Dublin, Ireland

STX was a big winner on July 26th as the company’s stock improved to 3.21%, raising the price to $32.45 per share on a volume of 4.43 millionaire shares, according to an article on equities.com. After Tuesday, the company’s market cap is 9.69 billion dollars, with a P/E ratio of 30.2 and P/S ratio of 1.1. To add, an analyst for I Know First stated the company’s superior product development capabilities coupled with the growing demand in the smartphone segment should help Seagate perform better in the long run.
Quick Win