StockCall Study on Seagate Technology, SanDisk, Western Digital, and OCZ Technology

   StockCall Study on Seagate Technology, SanDisk, Western Digital, and OCZ

PR Newswire

LONDON, April 18, 2013

LONDON, April 18, 2013 /PRNewswire/ --

Data usage has been rising as more and more users switch to smartphones and
tablets. Increasing data usage is expected to drive growth for data storage
devices makers such as Seagate Technology Plc (NASDAQ: STX), SanDisk
Corporation (NASDAQ: SNDK), Western Digital Corp. (NASDAQ: WDC), and OCZ
Technology Group Inc. (NASDAQ: OCZ). Another major trend to emerge in recent
years has been cloud computing, which is also expected to be a key growth
driver for data storage companies. Increasing demand for solid state drives
(SSDs) is also expected to drive growth. On Wednesday, shares of data storage
devices companies ended mostly lower, tracking losses in the broad market,
which slipped as investors digested some lackluster earnings reports.
StockCall free coverage on STX, SNDK, WDC, and OCZ is available upon
registration at

Seagate Technology Plc's shares fell sharply in trading yesterday. The stock
fell 1.73% to finish the day at $34.72 on volume of 4.95 million, taking its
losses in the last three trading sessions to nearly 3.80%. Despite the losses
this week, Seagate's shares have gained more than 14% in 2013, outperforming
the S&P 500, which has gained more than 8.80% in the same period. The
company's shares, however, have slipped below $35 support level this week,
which is a bearish signal. The negative trend is further confirmed by the
stock's MACD chart. Download the free technical research on STX by signing up

SanDisk Corporation's shares were among the major losers in the technology
sector on Wednesday. The stock fell to an intra-day low of $54.50 before
finishing the day 3.08% lower at $55.72 on above average volume of 10.07
million. SanDisk's shares have had an excellent run so far in 2013, gaining
more than 28%. The stock is currently trading nearly 5.50% below its 52-week
high. Its shares are trading well above their 50-day and 200-day moving
averages. However, the stock's MACD has just crossed below the signal line,
which is a bearish signal. Register now and get access to the free analysis on

Western Digital Corp.'s shares saw a sharp decline in yesterday's session. The
stock closed 2.81% lower at $50.57 on volume of 2.25 million. Western
Digital's shares traded between $50.18 and $52.21 on Wednesday. Despite the
pullback, the stock is still trading close to its 52-week high of $53.75. The
company's shares have outperformed the S&P 500 in 2013, gaining more than
19.60%. The stock's MACD chart, however, suggests that market sentiment has
turned bearish. Sign up and read the complimentary report on WDC at

Shares of OCZ Technology Group Inc. saw a huge rally on Wednesday even as the
broad market struggled. The stock closed 26.02% higher at $1.55 on above
average volume of 5.05 million. It touched an intra-day high of $1.60. Despite
the huge rally yesterday, OCZ Technology's shares have fallen more than 18.80%
so far in 2013. The stock is trading nearly 80% below its 52-week high. Shares
of OCZ are trading close to $1.70 resistance level. The free report on OCZ can
be downloaded by signing up now at

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