Western Digital (WDC) Offering Possible 6.61% Return Over the Next 8 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 $87.50 short put and a strike $82.50 long put offers a potential 6.61% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock dropped below the $82.50 long put 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 28.9 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

See what the IHS Markit Score report has to say about Western Digital Corp.
Tue, 10 Apr 2018 12:05:18 +0000
Western Digital Corp NASDAQ/NGS:WDC

Western Digital Sets April 26 for Q3 Fiscal 2018 Financial Results Conference Call/Webcast
Mon, 09 Apr 2018 21:30:00 +0000
Western Digital Corp. today announced that the company plans to release its financial results for the third fiscal quarter ended March 30, 2018, after the close of the market on Thursday, April 26, 2018.

Is HPE Trading at a Discount to Analysts’ Price Target Estimates?
Mon, 09 Apr 2018 13:00:46 +0000
Hewlett Packard Enterprise (HPE) has returned 26.0% in the trailing-12-month period, -8.7% in the past month, and -4.7% in the trailing-five-day period. The tech sell-off seen since February has negatively impacted HPE’s stock performance. 

Access, Edit and Share Massive 4K and 8K RAW Video From Multi Camera Shoots in Real Time with Fast and Reliable Western Digital Thunderbolt 3 SSD Solutions
Mon, 09 Apr 2018 12:00:00 +0000
Western Digital Corporation is meeting the escalating fast-transfer and high-capacity demands of professional content creators by enabling real-time 4K and 8K workflows with three new professional-grade ultra-fast solutions in its powerful G-Technology® G-DRIVE® and G-SPEED® Shuttle product families.

Why the Technology Industry Opposed the Broadcom–Qualcomm Deal
Mon, 09 Apr 2018 11:32:02 +0000
Broadcom (AVGO) is known for growing through acquisitions. This development was welcome news for the technology industry, which opposed the deal—not only because the takeover would have made Broadcom the third-largest chip company but also because of the chipmaker’s business practices. Broadcom’s CEO, Hock Tan, is popular among its customers and peers for the company’s business tactics.

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