Western Digital Offering Possible 32.28% Return Over the Next 36 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 32.28% return on risk over the next 36 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 $1.22 would be kept by the premium seller. The risk of $3.78 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 71.1 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

WD® Extends Hammer Partnership to Include WD Arkeia™ and WD Sentinel™ Series
Fri, 17 Jan 2014 17:25:20 GMT
noodls – WD expands its relationship with one of the longest-standing specialist storage distributors in the UK to include business storage solutions UK, January 9th, 2013 – WD®, a Western Digital company and world …

Investing in 2014 & beyond
Fri, 17 Jan 2014 12:07:00 GMT
CNBC – Alison Deans, Varick Asset Management, provides her outlook on the markets and where she is spotting weakness and opportunity. I think European banks are an interesting place to have money right now, says …

Why Western Digital Will Keep Flying in 2014
Thu, 16 Jan 2014 16:42:12 GMT
Motley Fool – Does this analyst make a good case? Or is it just more noise from Wall Street?

Negatives drive stocks higher?
Wed, 15 Jan 2014 23:00:00 GMT
CNBC – Mad Money host Jim Cramer dissects today's market activity specifically with banks on the rise.

Seagate, Western Digital Price Targets Hiked
Wed, 15 Jan 2014 15:54:00 GMT
Investor's Business Daily – Seagate, Western Digital Price Targets Hiked

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