Western Digital (WDC) Offering Possible 14.68% Return Over the Next 15 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 $100.00 short call and a strike $105.00 long call offers a potential 14.68% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $0.64 would be kept by the premium seller. The risk of $4.36 would be incurred if the stock rose above the $105.00 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 71.88 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, Regulation FD Disclosure, Financial Statements and Exhibits
Fri, 07 Nov 2014 11:02:43 GMT

Western Digital Announces Pricing of Secondary Offering by Hitachi, Ltd.
Fri, 07 Nov 2014 00:26:05 GMT
noodls – IRVINE, Calif. – Nov. 6, 2014 – Western Digital® Corp. (NASDAQ: WDC) announced today the pricing of the previously announced underwritten secondary public offering of 5,434,783 shares of its common stock …

10-Q for Western Digital Corp.
Fri, 07 Nov 2014 00:08:37 GMT

Western Digital Announces Pricing Of Secondary Offering By Hitachi, Ltd.
Thu, 06 Nov 2014 23:40:00 GMT
PR Newswire – IRVINE, Calif., Nov. 6, 2014 /PRNewswire/ — Western Digital® Corp. (WDC) announced today the pricing of the previously announced underwritten secondary public offering of 5,434,783 shares of its common stock by Hitachi, Ltd. (the “Selling Stockholder”), at a price to the public of $96.00 per share. The Selling Stockholder has also granted the underwriters a 30-day option to purchase up to an additional 815,217 shares. An aggregate amount of 25 million shares of the company's common stock were issued to the Selling Stockholder in connection with Western Digital's acquisition of Viviti Technologies Ltd., formerly known as Hitachi Global Storage Technologies Holdings Pte. Ltd., in March 2012. The Selling Stockholder sold 12,500,000 of these shares on Nov. 6, 2013 in an underwritten offering.

WESTERN DIGITAL CORP Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
Thu, 06 Nov 2014 11:04:28 GMT

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