Western Digital (WDC) Offering Possible 19.9% 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 $86.50 short put and a strike $81.50 long put offers a potential 19.9% 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 $86.50 by expiration. The full premium credit of $0.83 would be kept by the premium seller. The risk of $4.17 would be incurred if the stock dropped below the $81.50 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 71.03 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

Western Digital Announces Tender Offer and Consent Solicitation for All Outstanding 10.500% Senior Unsecured Notes Due 2024
Mon, 29 Jan 2018 22:00:00 +0000
Western Digital Corporation today announced that it is commencing a cash tender offer with respect to any and all of its outstanding 10.500% senior unsecured notes due 2024 .

Western Digital Announces Proposed Offerings of $2.3 Billion of Senior Notes Due 2026 and $1.0 Billion of Convertible Senior Notes Due 2024 and up to $500M Share Repurchase
Mon, 29 Jan 2018 21:34:00 +0000
Western Digital Corporation today announced concurrent proposed offerings of $2.3 billion aggregate principal amount of senior notes due 2026 and $1.0 billion aggregate principal amount of convertible senior notes due 2024 , in each case subject to market and other conditions as further described below.

Western Digital's CIO Modernizes Technology In The Face Of Two Major Acquisitions
Mon, 29 Jan 2018 15:44:00 +0000
Most executives charged to integrate three multi-billion dollar companies at once would think of it as a headache. To Western Digital's CIO Steve Phillpott it was an opportunity. Since change would impact two-thirds of employees, why not invest in best-of-breed solutions wherever possible.

Flash Storage Products Continue To Drive Western Digital's Results
Mon, 29 Jan 2018 15:22:00 +0000
Western Digital announced its fiscal second quarter 2018 earnings on January 25, reporting a 9% annual increase in net revenue to $5.3 billion. Revenue and gross margin were slightly higher than the guidance given by the company at the end of the September quarter.

Company News For Jan 29, 2018
Mon, 29 Jan 2018 14:47:02 +0000
Companies In The News are: CL,LEA,SBUX,WDC

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