Western Digital (WDC) Offering Possible 22.85% Return Over the Next 16 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 $99.00 short put and a strike $94.00 long put offers a potential 22.85% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $99.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock dropped below the $94.00 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 34.43 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

Western Digital Board Increases Dividend For Third Quarter Of Fiscal 2015; Authorizes Additional $2.0 Billion Of Share Repurchases
Wed, 04 Feb 2015 00:40:00 GMT
PR Newswire – IRVINE, Calif., Feb. 3, 2015 /PRNewswire/ — Western Digital® Corp. (WDC) today announced that the board of directors declared a cash dividend for the quarter ending Apr. 3, 2015, of $0.50 per share of common stock (the “cash dividend”). The cash dividend will be paid on Apr. 16, 2015, to the company's stockholders of record as of Apr. 3, 2015. The board also authorized an additional $2.0 billion for share repurchases by the company. As of Feb. 2, 2015, the company had approximately $384 million remaining under prior share repurchase authorizations.

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:

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