Western Digital Offering Possible 10.62% 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 $82.50 short put and a strike $77.50 long put offers a potential 10.62% 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 $82.50 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock dropped below the $77.50 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 below 20 which suggests that the stock is in oversold territory.

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 CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Termination of a Material Defini
Thu, 09 Jan 2014 22:19:45 GMT

Stratasys Partners SoftKinetic
Tue, 07 Jan 2014 16:10:04 GMT
Zacks – 3D printing solutions provider Stratasys' subsidiary, MakerBot, has entered into a strategic partnership with SoftKinetic.

LSI Hits 52 Week-High
Tue, 07 Jan 2014 14:53:10 GMT
Zacks – Shares of LSI Corporation hit a new 52-week high of $11.05 on Jan 6 and eventually closed at the same price.

SanDisk Upgraded to Strong Buy
Tue, 07 Jan 2014 14:30:08 GMT
Zacks – On Jan 7, Zacks Investment Research upgraded SanDisk Corp. to a Zacks Rank #1 (Strong Buy).

Western Digital® Sets January 22 for Q2 Fiscal 2014 Financial Results Conference Call/Webcast
Mon, 06 Jan 2014 22:18:01 GMT
noodls – IRVINE, Calif. – Jan. 6, 2014 – Western Digital® Corp. (NASDAQ: WDC) today announced that the company will release its financial results for the second fiscal quarter ended Dec. 27, 2013 after the close …

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