Western Digital (WDC) Offering Possible 17.92% Return Over the Next 7 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 $47.00 short put and a strike $42.00 long put offers a potential 17.92% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.00 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 $42.00 long put 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 up which suggests that the medium-term momentum for Western Digital is bullish.

The RSI indicator is at 60.13 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

Confidence In Western Digital Approval Of SanDisk Acquisition Grows
Thu, 10 Mar 2016 19:53:07 GMT
Investor's Business Daily – Expectations that Western Digital (WDC) shareholders will agree to the acquisition of SanDisk (SNDK) increased Thursday, with Summit Research issuing an upbeat report. “We think that shareholder approval …

Western Digital Said to Plan Marketing of $18 Billion Loans
Thu, 10 Mar 2016 19:14:43 GMT
Bloomberg – Western Digital Corp. plans to approach lenders March 15 to start syndicating about $18 billion in debt backing its takeover of SanDisk Corp., according to people with knowledge of the matter, who asked …

Western Digital Launches Surveillance Storage Provider Certification Program
Thu, 10 Mar 2016 12:57:00 GMT
PR Newswire – IRVINE, Calif., March 10, 2016 /PRNewswire/ — Western Digital Corporation (NASDAQ: WDC), a world leader in storage solutions, today announced the myWD™ Surveillance Storage Certified Surveillance Reseller …

Did Western Digital Make a Good Enough Case for the Leveraged SanDisk Acquisition?
Wed, 09 Mar 2016 18:45:31 GMT

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Wed, 09 Mar 2016 14:42:59 GMT

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