STX is coming up to resistance which should prove very difficult to overcome. As you can see on the chart the stock has already topped out at this level twice and should do so once again. The stock does not seem to have any catalysts coming it way any time soon as well, as earnings have already occurred and tech season has seem to run its course for a bit. Also, according to Yahoo.com, SVP, COO, and CTO are all selling their shares here at this level.
I would look to short the name right around 27.50 and give this one a little more room as far as where to place a stop loss. Reward potential is 7 dollars to the downside. Respect that possible gain when placing your stop.
CM
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