Western Digital (WDC) Offering Possible 21.65% Return Over the Next 25 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 $87.50 short put and a strike $82.50 long put offers a potential 21.65% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.11 would be incurred if the stock dropped below the $82.50 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 45.49 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

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Tue, 15 Apr 2014 00:32:35 GMT
Motley Fool – Western Digital’s strong balance sheet and superiority over Seagate give it more room to flex its muscles in the storage market.

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