Thursday, 23 May 2013 07:55 AM
StockCall.com Provides Stock Research on Seagate Technology PLC, SanDisk Corp., Western Digital Corp., and OCZ Technology Group Inc.
New York City, New York -- (May 23, 2013)
Increasing data usage has been the key growth driver for the data storage devices industry in the U.S. and globally. As more and more users shift to mobile computing, data usage is expected to rise. Another major trend to emerge in the data storage industry is cloud computing. Going forward, increasing data usage and cloud computing will be the key growth drivers for the industry. On Wednesday, May 22, 2013, shares in data storage companies ended on a mixed note even as the broad market fell sharply after minutes of U.S. Federal Reserve’s most recent FOMC showed that some officials want the central bank to start winding up QE3 as early as the June meeting if there an improvement in the U.S. economy. The major movers in the data storage devices sector included Seagate Technology Plc (NASDAQ: STX), SanDisk Corporation (NASDAQ: SNDK), Western Digital Corp. (NASDAQ: WDC), and OCZ Technology Group Inc. (NASDAQ: OCZ). StockCall free coverage on STX, SNDK, WDC, and OCZ is available upon registration at
Shares in Seagate Technology Plc hit a 52-week high of $42.88 yesterday. The stock closed 1.57% higher at $42.17. A total of 7.5 million shares were traded which is well above the daily average volume of 6.05 million. So far this year, the company’s shares have gained nearly 40%, outperforming the S&P 500. The stock is also trading well above its 50- and 200-day moving averages. Shares of STX currently have strong support at around $40 and face resistance at $43. Download the free technical research on STX by signing up at
www.StockCall.com/STX052313.pdf
SanDisk Corporation’s stock ended slightly lower on Wednesday, tracking losses in the broader market. The stock closed 0.60% lower at $57.90 after trading between $57.49 and $59.43. A total of 3.68 million shares were traded. Shares of the company have fallen more than 3.30% this week. However, despite the recent losses, shares are still up 33.10% so far this year, outperforming the S&P 500. The stock is currently trading 3.44% below its 52-week high. Register now and get access to the free analysis on SNDK at
www.StockCall.com/SNDK052313.pdf
Shares in Western Digital Corp. rose to a 52-week high of $62.15 yesterday. However, the stock failed to hold onto its gains and closed slightly lower. The company’s shares closed 0.53% lower at $60.40. A total of 3.24 million shares were traded which is slightly above the daily average volume of 3.19 million. So far this year, the stock has gained more than 42.15%, outperforming the S&P 500. In the last one month alone, shares of WDC have gained nearly 13.50% as the broader market has rallied. The stock is currently trading above their 50-and 200-day moving averages. Sign up and read the complimentary report on WDC at
www.StockCall.com/WDC052313.pdf
OCZ Technology Group Inc.’s stock rallied on Wednesday even as the broader market struggled. The company’s shares ended the day 3.15% higher at $1.31. A total of 1.69 million shares were traded between $1.25 and $1.32. So far this week, the stock has gained more than 11%. The growth this week has helped OCZ Technology reverse some of the losses for this year. Still the stock is down more than 31.40% so far this year. The free report on OCZ can be downloaded by signing up now at
www.StockCall.com/OCZ052313.pdf
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