Western Digital (WDC) Offering Possible 50.15% Return Over the Next 10 Calendar Days

Western Digital's most recent trend suggests a bullish bias. One trading opportunity on Western Digital is a Bull Put Spread using a strike $89.50 short put and a strike $84.50 long put offers a potential 50.15% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $89.50 by expiration. The full premium credit of $1.67 would be kept by the premium seller. The risk of $3.33 would be incurred if the stock dropped below the $84.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Western Digital is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Western Digital is bullish.

The RSI indicator is at 69.58 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Western Digital

Cramer: A Micron Technology Breakout Would Be a Win for Technology Stocks
Fri, 01 Sep 2017 23:01:00 +0000
If MU rises, it would lift all boats.

Western Digital Corp. :WDC-US: Earnings Analysis: Q4, 2017 By the Numbers : September 1, 2017
Fri, 01 Sep 2017 18:57:18 +0000
Categories: Yahoo FinanceGet free summary analysis Western Digital Corp. reports financial results for the quarter ended June 30, 2017. We analyze the earnings along side the following peers of Western Digital Corp. – Seagate Technology PLC, NetApp, Inc., GlassBridge Enterprises Inc, HP Inc., Super Micro Computer, Inc., NETGEAR, Inc. and Teradata Corporation (STX-US, NTAP-US, GLAE-US, HPQ-US, SMCI-US, … Read more
(Read more…)

Tech Roundup: GOOGL Enterprise Push, AAPL Investment, WDC-Toshiba Deal
Fri, 01 Sep 2017 16:24:04 +0000
Alphabet (GOOGL) launched its Chrome Enterprise subscription to challenge Microsoft (MSFT), Apple (AAPL) is likely beefing up Apple Music while Western Digital (WDC) looks set to acquire a stake in Toshiba Memory.

Western Digital Rising: Reuters Says CEO Milligan Apologizes to Toshiba
Fri, 01 Sep 2017 14:55:00 +0000
Shares of Western Digital (WDC) are up $2.15, or 2.4%, at $90.42, after the company apparently tried to mend fences with its flash-memory-chi[p partner, Toshiba (6502JP) amidst negotiations for the sale of Toshiba’s manufacturing unit. You’ll recall that a consortium including Western had been named the “preferred bidder” on Wednesday by Toshiba, helping to lift Western’s shares. Then yesterday, Toshiba almost seemed to contradict that, issuing a statement saying that wasn’t able to get a deal done, as it was still sorting through three different bidders.

Stable Prices, iPhone Delays Could Help Memory Chip Makers
Fri, 01 Sep 2017 13:31:00 +0000
Mizuho’s Vijay Rakesh and Jason Getz take a look at memory chips, and how some companies could benefit from a delay in Apple’s (AAPL) next iPhone. Rakesh and Getz estimate that after DRAM and NAND pricing …

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