(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.
For any questions, or to get our New and Improved! “Starter Kit” & “Bonus Excel Sheet” email us at pairstrader@shadowtrader.net and Tom Cook will get back to you with a reply.
The Pairs Hour with Tom “The Southern Gentleman” Cook is happening on Thursdays at 4:15pm EST in the ShadowTrader chatroom on the TOS platform. Most recent show is archived here. We enjoy and encourage everyone to bring your suggestions, comments and questions to us each week during this program.
You can get real-time text messages sent to your phone every time we trade or post a new newsletter. Just text “follow st_pairs” (without the quotes) to 40404 on your cellphone. No twitter account is needed. Enjoy.
