Western Digital Offering Possible 17.1% Return Over the Next 22 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 17.1% return on risk over the next 22 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 $0.73 would be kept by the premium seller. The risk of $4.27 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 10-Q, Quarterly Report
Fri, 31 Jan 2014 19:58:03 GMT

Western Digital: Solid Second Quarter Left Shares Moderately Undervalued
Fri, 31 Jan 2014 15:50:52 GMT

Seagate and Western Digital: One Number Says It All
Wed, 29 Jan 2014 18:46:26 GMT

Seagate plunge after results weighs on peer Western Digital
Tue, 28 Jan 2014 17:02:18 GMT

The Wind Is at Western Digital's Back
Mon, 27 Jan 2014 20:28:37 GMT

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