Western Digital (WDC) Offering Possible 32.28% Return Over the Next 25 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 $112.00 short put and a strike $107.00 long put offers a potential 32.28% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $112.00 by expiration. The full premium credit of $1.22 would be kept by the premium seller. The risk of $3.78 would be incurred if the stock dropped below the $107.00 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 74.9 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

After Longbow's Downgrade Of Seagate And Western Digital, How Are Other Data Storage Stocks Looking?
Mon, 22 Dec 2014 22:30:36 GMT
Benzinga – Longbow Research downgraded Seagate Technology (NASDAQ: STX ) and Western Digital Corporation (NASDAQ: WDC ) on Monday, moving both from Buy to Neutral. Although specialist Joe Wittine doesn’t think investors …

Seagate, Western: Storage Debate as Longbow Cuts to Hold, Brean Raises Price Targets
Mon, 22 Dec 2014 15:28:00 GMT
Barrons.com – Shares of disk drive makers Seagate (STX) and Western Digital (WDC) are in positive territory this morning despite some difference of opinion on the Street. On the negative side, Joe Wittine of Longbow …

Citi Raises Western Digital Price Target
Wed, 17 Dec 2014 19:18:04 GMT
Benzinga – Citi raised its price target on Western Digital Corp (NASDAQ: WDC ) Wednesday from $110 to $125. Analyst Joe Yoo believed “WDC will be a key beneficiary given that PCs still account for …

Western Digital: Bulls Laud Skyera Buy for Intellectual Property, Talent
Tue, 16 Dec 2014 18:11:00 GMT
Barrons.com – Shares of storage technology vendor Western Digital (WDC) are up $1.78, or 1.7%, at $107.18, as the Street digests yesterday’s announcement the company bought flash-storage startup Skyera. The deal brings …

HGST to Acquire Skyera, Inc.
Mon, 15 Dec 2014 13:59:25 GMT
noodls – Acquisition Augments HGST's Data Center Storage Solutions Strength and Expertise IRVINE, Calif. – Dec. 15, 2014 – Western Digital® Corp. (NASDAQ: WDC) and HGST announced today that HGST has completed an …

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