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QQQ

Context Technical Analysis

After some weakness in price that caused the 10-day exponential moving average of STX – Seagate Technolgy Holdings, Inc. – to level off, price started moving up again.

 

It has already moved above the yellow resistance line at roughly 59 and has already reached the upper Bollinger Band.

Momentum 

MACD, our momentum indicator, moved temporarily below its signal line and has just crossed above it as momentum started building up again

Relative Strength

The stock’s Relative Strength has been moving mostly above its 20-day exponential moving average since early August.

General MSI 

72.5

Sector MSI 

63.2

Higher Time Frame

Suggested Buy

Buy at 125

Suggested Stop Loss

Sell at 120

Size

200 stocks