Western Digital Offering Possible 19.05% Return Over the Next 31 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 $77.50 short put and a strike $72.50 long put offers a potential 19.05% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $72.50 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 68.98 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

Stocks soar as Fed cuts stimulus, citing jobs
Wed, 18 Dec 2013 22:50:37 GMT
AP – See, it wasn't so bad. Investors sent stock soaring and pushed the Dow Jones industrial average up more than 200 points Wednesday afternoon after the Federal Reserve decided to dial back its extraordinary …

Stocks soar as Fed cuts stimulus, citing jobs
Wed, 18 Dec 2013 22:50:13 GMT
AP – The stock market had a swift and clear reaction to the Federal Reserve's decision to trim its stimulus efforts: That wasn't so bad after all. Stocks surged Wednesday, lifting the Dow Jones industrial average …

Hewlett-Packard, Western Digital Raised to Buy at JP Morgan Despite IT Sluggishness
Wed, 18 Dec 2013 00:14:00 GMT
Barrons.com – As mentioned this morning, J.P. Morgan's Mark Moskowitz today cut his outlook for global IT spending in 2014, but found enough bright spots to raise his ratings on shares of Hewlett-Packard (HPQ) and Western Digital (WDC) to Overweight from Neutral. The stock can see multiple expansion, assuming decent earnings growth: In our view, double-digit earnings growth potential should elevate WD's price-toearnings multiple to a glide path of 10-11x over time, and there could be incremental upward mobility if WD can continue to grow earnings and return cash to shareholders at a time when other old-guard technology companies may struggle with revenue pressures and M&A risk.

Cramer's Mad Dash: Bottoming in PC's
Tue, 17 Dec 2013 14:25:00 GMT
CNBC – Jim Cramer explains what to watch ahead of the open including Hewlett-Packard and Seagate. Cramer says the new PC's are cool, cheap and do so much.

HGST® And Maxx Digital® Enable Streaming For Top Movies At RED® Studios Hollywood
Tue, 17 Dec 2013 13:00:00 GMT
PR Newswire – SAN JOSE and COSTA MESA, Calif., Dec. 17, 2013 /PRNewswire/ — HGST , a Western Digital company (NASDAQ: WDC), and Maxx Digital today announced that RED Studios Hollywood has deployed the Maxx Digital …

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