Western Digital Offering Possible 6.38% Return Over the Next 8 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 6.38% return on risk over the next 8 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 $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $77.50 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 66.28 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

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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