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

Apr 18, 2013, 08:00 ET from

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 at

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 SNDK at

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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