Western Digital (WDC) Offering Possible 28.53% Return Over the Next 21 Calendar Days

Western Digital's most recent trend suggests a bearish bias. One trading opportunity on Western Digital is a Bear Call Spread using a strike $103.00 short call and a strike $108.00 long call offers a potential 28.53% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $103.00 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $3.89 would be incurred if the stock rose above the $108.00 long call strike price.

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

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

The RSI indicator is at 31.61 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

EMC Corp. Beats on Q4 Earnings, Revenues Increase Y/Y – Analyst Blog
Thu, 29 Jan 2015 20:33:08 GMT

Wednesday's Market Recap
Wed, 28 Jan 2015 21:46:39 GMT

Western Digital (WDC) Stock Rises Today on Earnings Beat
Wed, 28 Jan 2015 15:48:00 GMT
TheStreet – Western Digital (WDC) shares are climbing on the company's strong second quarter earnings and revenue results.

Western Digital (WDC) Earnings Report: Q2 2015 Conference Call Transcript
Wed, 28 Jan 2015 15:00:00 GMT
TheStreet – The following Western Digital (WDC) conference call took place on January 27, 2015, 06:00 PM ET. This is a transcript of that earnings call:

Market open: Tech's turnaround
Wed, 28 Jan 2015 14:38:00 GMT

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