Western Digital (WDC) Offering Possible 17.92% Return Over the Next 14 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 $89.50 short put and a strike $84.50 long put offers a potential 17.92% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $89.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock dropped below the $84.50 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 79.5 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

Toshiba misses target date for chip unit sale, increasing business risks
Thu, 31 Aug 2017 09:48:55 +0000
Toshiba Corp <6502.T> failed to seal a deal to sell its prized chip business by an internal deadline of Thursday, raising doubts about whether it can plug a balance sheet hole in time to avoid a delisting and keep the unit competitive. The embattled Japanese conglomerate said in a statement it has tried but so far not come to an agreement and it was continuing to talk with three suitors – a consortium led by Western Digital (WDC.O) as well as groups led by Bain Capital and by Taiwan's Foxconn (2317.TW). The sale of the world's No. 2 maker of NAND chips – worth $17 billion to $18 billion – has become a contentious battle marked by a slew of revised bids, changing alliances among bidding groups and the threat of legal action from joint venture partner Western Digital.

Toshiba Should Just Keep the Chip Unit
Thu, 31 Aug 2017 08:38:37 +0000
The company could just about survive, and eventually thrive, by ending this mating dance.

Western Digital® Breaks Boundaries with World’s Highest-Capacity microSD™ Card
Thu, 31 Aug 2017 08:01:00 +0000
Western Digital Corporation , a global data storage technology and solutions leader, today announced its 400GB* SanDisk Ultra® microSDXC™ UHS-I card, the world’s highest-capacity microSD card for use in mobile devices.

Western Digital Gives Consumers a Unique, Hassle-Free Solution for Daily iPhone Backup
Thu, 31 Aug 2017 08:00:00 +0000
Western Digital Corporation , a global data storage technology and solutions leader, today expanded its award-winning line of iPhone mobile storage solutions with the SanDisk® iXpandTM Base.

Toshiba Fails to Pick Winner as Three Groups Bid for Chip Unit
Thu, 31 Aug 2017 03:45:28 +0000
Toshiba Corp. disclosed it’s in talks with three consortiums for its memory chip unit and that it’s still unable to make a final decision on a buyer.

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