Western Digital (WDC) Offering Possible 12.87% Return Over the Next 39 Calendar Days

Western Digital's most recent trend suggests a bearish bias. One trading opportunity on Western Digital is a Bear Call Spread using a strike $87.50 short call and a strike $92.50 long call offers a potential 12.87% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $87.50 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $4.43 would be incurred if the stock rose above the $92.50 long call 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 at 24.11 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

Will This Upgrade Help Western Digital (WDC) Stock Today?
Wed, 14 May 2014 13:09:00 GMT
TheStreet – Western Digital (WDC) stock has been upgraded to “overweight” from “equal weight” with a $98 price target, Barclays said Wednesday. Catalysts include increased cash return and MOFCOM …

DataON™ Storage Unveils 12Gb/s Cluster-in-a-Box Shared Storage Appliance
Tue, 13 May 2014 19:52:00 GMT
PR Newswire – ANAHEIM, Calif., May 13, 2014 /PRNewswire/ — DataON Storage, the leading provider of OS-agnostic storage enclosures, today announced the evolution of the Cluster-in-a-Box (CiB) platform—the CIB-9224 converged …

SwiftStack and HGST Launch First Public Test Cluster for the OpenStack Community
Tue, 13 May 2014 13:00:00 GMT
Marketwired – Today, SwiftStack and HGST announce they have joined forces to build a public test cluster based on Intel technologies for the OpenStack Community to test and validate the OpenStack Object Storage project …

Western Digital and Seagate Technology: More Bad News Arises
Mon, 12 May 2014 17:32:18 GMT
Motley Fool – SanDisk's investor day led to new 52-week stock highs, but in the process it provided a disheartening outlook to the one growth driver for hard disk drive manufacturers.

Western Digital faces bearish play
Mon, 12 May 2014 17:02:28 GMT

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