Research Report Initiated on Select Data Storage Devices Equities

LONDON, UK / ACCESSWIRE / June 10, 2016 / ActiveWallSt.com announces the list of stocks for today’s research coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Data Storage Devices industry. Companies recently under review include EMC Corp., Brocade Communications Systems, Seagate Technology, and Western Digital. Register with us now for your free membership and see our complete reports on these equities at:

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Today, ActiveWallSt.com is promoting its equity research coverage. Get all of our research report free by signing up to http://www.activewallst.com/register/.

Advancements in technology and rising demand for data storage are creating more opportunities for firms in the Data Storage Devices space. In fact, the industry is expected to continue growing exponentially; making stocks here an interesting observation. Let us see how these are affecting some of the big names in the industry. Visit us at ActiveWallSt.com for the full reports on these stocks.

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ActiveWallSt.com takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

EMC Corp. (NYSE: EMC)

Hopkinton, Massachusetts headquartered EMC Corp.’s shares saw a slight correction of 0.25% and finished Thursday’s trading session at $27.87. A total volume of 7.09 million shares was traded. In the last month and the previous three months, the stock has advanced 2.96% and 6.71%, respectively. Additionally, the Company’s shares have gained 9.00% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.81% and 8.92%, respectively. Moreover, shares of EMC, which develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services, have a Relative Strength Index (RSI) of 66.60. On June 02nd, 2016, research firm Sterne Agee CRT downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’.

Brocade Communications Systems Inc. (NASDAQ: BRCD)

On Thursday, shares in San Jose, California-based storage area networking (SAN) and Internet protocol (IP) networking solutions provider, Brocade Communications Systems Inc. recorded a trading volume of 8.40 million shares, which was higher than their three months average volume of 8.17 million shares. The stock ended the session 0.06% higher at $8.97. The Company’s shares have gained 10.53% in the last one month. The stock is trading 0.16% above its 50-day moving average. Furthermore, shares of Brocade Communications Systems have an RSI of 59.16. On May 20th, 2016, research firm RBC Capital Markets reiterated its ‘Sector Perform’ rating with a decrease of the target price to $9 a share from $10 a share for the Company’s stock.

Seagate Technology PLC (NASDAQ: STX)

Shares in Dublin, Ireland-based electronic data storage products maker, Seagate Technology PLC closed the day at $24.14, slightly down 0.45%. The stock recorded a trading volume of 6.31 million shares. The Company’s shares have surged 25.40% in the last one month, and are trading 1.41% below their 50-day moving average. Additionally, shares of Seagate Technology have an RSI of 54.37.

Western Digital Corp. (NASDAQ: WDC)

At the closing bell yesterday, shares in Irvine, California headquartered Western Digital Corp., which together with its subsidiaries, engages in the development, manufacture, sale, and provision of data storage solutions, ended at $48.17, which was a correction of 2.21%. A total volume of 5.82 million shares was traded. The stock has advanced 25.54% in the last one month and 1.64% in the previous three months. The Company’s shares are trading above their 50-day moving average by 12.99%. Furthermore, Western Digital’s stock has an RSI of 65.50. On June 07th, 2016, research firm Mizuho upgraded the Company’s stock ratings from ‘Neutral’ to ‘Buy’, issuing a target price of $53 a share.

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