Western Digital (WDC) Offering Possible 13.38% Return Over the Next 19 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 13.38% return on risk over the next 19 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 $0.59 would be kept by the premium seller. The risk of $4.41 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 74.16 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® to Demonstrate First PCI Express Hard Drives at Computex 2014
Tue, 03 Jun 2014 03:00:00 GMT
PR Newswire – IRVINE, Calif., June 2, 2014 /PRNewswire/ — WD®, a Western Digital (WDC) company, and world leader in storage solutions, will be demonstrating the first PCI Express hard drives at Computex Taipei, June 3-4, 2014. Enabled with key technology partners, WD's prototype introduces the new SATA Express interface, a form of PCI Express technology, which is offered on recently launched Intel® series-9 chipset motherboard platforms. The SATA Express interface provides a roadmap for faster speeds, lower power consumption and increased flexibility for future OEM designs. The road to the world's first demonstration of SATA Express has been in development for almost 3 years.

Seagate to Buy Avago's Flash Business in Another Complex Deal
Fri, 30 May 2014 15:37:00 GMT
TheStreet – For Seagate, the acquisition will help it keep pace with rival Western Digital, which upped its flash storage operations back in December with a deal to buy the operations of Virident Systems.

Seagate Drops Bomb On Storage Industry, Buys LSI Flash Business From Avago
Thu, 29 May 2014 16:59:00 GMT
Forbes – The storage market continues on its consolidation trend and today's announcement that Seagate has moved in to acquire LSI's Accelerated Solutions Division (ASD) and Flash Components Division (FCD) from Avago, is more proof-positive that spinning media is steadily riding off into the sunset, while solid state storage continues to disrupt […]

Westfield Group Goes Back to the Drawing Board
Thu, 29 May 2014 12:30:58 GMT
The Wall Street Journal – There are 50 ways to leave your lover, and at least three ways to divide a company. Westfield Group may end up exploring them all now that its plan to spin off $26 billion of properties Down Under is on …

HGST Achieves Oracle Validated Configuration For FlashMAX™ II
Wed, 28 May 2014 12:00:00 GMT
PR Newswire – SAN JOSE, Calif., May 28, 2014 /PRNewswire/ — HGST , a Western Digital company (NASDAQ: WDC), today announced the availability of an Oracle Validated Configuration for FlashMAX II along with HP® ProLiant™ …

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