Western Digital Offering Possible 12.87% Return Over the Next 9 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 $85.00 short put and a strike $80.00 long put offers a potential 12.87% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock dropped below the $80.00 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 56.26 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

Media Alert: HGST to Demonstrate Big Data Storage Solutions at O'Reilly Strata Conference, Booth #1100
Tue, 11 Feb 2014 13:00:00 GMT
PR Newswire – SANTA CLARA, Calif., Feb. 11, 2014 /PRNewswire/ — O'Reilly Strata Conference (Booth #1100) — Enterprise storage leader HGST , a Western Digital company (NASDAQ: WDC), today announced that at the O'Reilly …

G-Technology® Expands Its Thunderbolt™ External Hard Drive Family
Tue, 11 Feb 2014 13:00:00 GMT
PR Newswire – SAN JOSE, Calif., Feb. 11, 2014 /PRNewswire/ — G-Technology, a leader in delivering premium storage solutions for audio/video production, photography and the creative professional market, today announced that it is shipping its new G-DRIVE with Thunderbolt and G-DRIVE mobile with Thunderbolt external storage solutions. Supporting the growing base of Thunderbolt-enabled Mac® and PC computers, the two new drives set the standard for consumers and professionals looking for one of the fastest desktop or mobile Thunderbolt or USB 3.0 storage solutions on the market. “G-Technology is dedicated to giving today's consumers and creative professionals storage solutions that can keep up with their demanding workflows and fast-paced lives,” said Mike Williams, vice president and general manager, G-Technology. “Complementing our current G-DOCK ev™, G-DRIVE PRO and G-RAID™ with Thunderbolt solutions, G-Technology now offers a family of solutions – from RAID solutions to single-drive desktop and mobile solutions – that fit virtually any storage or creative workflow need.”

WESTERN DIGITAL CORP Files SEC form 8-K, Change in Directors or Principal Officers
Mon, 10 Feb 2014 11:02:26 GMT

WESTERN DIGITAL CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Fri, 07 Feb 2014 11:02:31 GMT

Western Digital Board Declares Dividend for March Quarter
Fri, 07 Feb 2014 02:21:05 GMT
noodls – IRVINE, Calif. – Feb. 6, 2014 – Western Digital® Corp. (NASDAQ: WDC) today announced that the board of directors declared a cash dividend for the quarter ending Mar. 28, 2014, of $0.30 per share of common …

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