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Pairs Trading Corner With Technology (STX – NTAP)

By January 1, 2017No Comments

(Seagate Technologies – Netapp, Inc.) Thank You! to our follower “leon” for bringing this pair to Thursday’s Pairs Hour Show. As we can see from our chart, the pair seems to be in a nice consolidation moving within our depicted channel and I am hopeful to see a possible long entry with the pair soon. Let’s take a closer look at the technicals below.

Technically speaking, the pair now has excellent correlation 0.92+, and the expected range of travel is about 1.30- below the 10 SMA. The RSI Wilder just over mid-way at 66.25 and needs to drop lower toward values of 10 to 5 as the pair comes to support of $1.35 or so. I have put the pair in the pending trade set-ups and will feature as “Pair Of The Day” in the next trading day’s edition of “ShadowTraderPro Pairs Trader” posted daily at “MyTrade”.. ; )

Want to know more!, check us out at ShadowTrader.net and go to the pairs archives for viewing and reviewing. As always, catch us at the “Pairs Hour Show” at 4:15 – 5:15 EST every Thursday.

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