Seagate Technology are testing important levels at the moment and could allow a potential rebound in coming sessions.

From a fundamental viewpoint, analysts estimate a potential appreciation of 17% as the average target price shows. Moreover, EPS estimations have been largely revised upward during last month and this situation could feed a short term appreciation.

From a technical viewpoint, shares are currently testing an important level. Indeed, prices are currently in contact with the upward trendline in both daily and weekly data. This level is legitimate by the 100-week moving averages which should act as strong support too.

The trading strategy can benefit from the proximity of the strong support currently tested in order to buy Seagate Technology with a good timing. The potential gain is 6.6%. Investors might place a stop loss order at USD 50.4 in order to avoid important losses.