Western Digital (WDC) Offering Possible 18.76% Return Over the Next 15 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 18.76% return on risk over the next 15 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 $0.79 would be kept by the premium seller. The risk of $4.21 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 58.56 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 Closing of Amendment, Extension and Increase of Term A Loans and Revolving Facility, Credit Agreement Amendments and Debt Repayments
Tue, 27 Feb 2018 15:38:00 +0000
Western Digital Corporation today announced that it obtained a new $5.022 billion Term Loan A-1 facility maturing in 2023, reflecting a $1.0 billion increase over its previous term loan A facility and an extension of the maturity date by approximately two years.

Western Digital Names Lori Sundberg Chief Human Resources Officer
Mon, 26 Feb 2018 14:00:00 +0000
Western Digital Corp. today announced that Lori Sundberg has joined the company as chief human resources officer, effective today. Sundberg will report to Western Digital CEO Steve Milligan and lead key global human resources initiatives and people strategies to support Western Digital’s ongoing transformation as the world’s leading data technology company.

Western Digital Transforms the Mobile Experience with New High-Performance Solutions Designed to Address Today’s and Tomorrow’s Consumer Demand for High-Quality Content
Mon, 26 Feb 2018 09:00:00 +0000
MOBILE WORLD CONGRESS – As mobile content and applications grow increasingly sophisticated, Western Digital Corporation is transforming the mobile experience with new industry-leading mobile solutions designed to enable consumers to better capture, share and enjoy rich content on their devices.

Western Digital NVMe Solutions Enable Data to Thrive in Intelligent Edge and Mobile Computing Environments
Mon, 26 Feb 2018 09:00:00 +0000
Addressing the needs of a growing landscape of Internet of Things and Fast Data applications at the edge, Western Digital Corporation today announced two new NVMe™ SSDs – Western Digital® PC SN720 and Western Digital PC SN520 – powered by a new NVMe storage architecture, scalable for a range of emerging implementations, from IoT and edge computing to mobile computing systems.

Why Is Western Digital (WDC) Up 1.3% Since Its Last Earnings Report?
Mon, 26 Feb 2018 07:06:07 +0000
Western Digital (WDC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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