Western Digital (WDC) Offering Possible 21.65% Return Over the Next 28 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 $57.50 short call and a strike $62.50 long call offers a potential 21.65% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 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 rose above the $62.50 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 29.14 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

Intel Investors Cash In Their Chips As Guidance Disappoints
Wed, 19 Oct 2016 20:37:17 GMT

Seagate Earnings Beat Views On Strong Cloud Storage Demand
Wed, 19 Oct 2016 20:34:04 GMT

Why Intel's Weak Guidance Could Spell Bad News For Micron, Seagate and Others
Wed, 19 Oct 2016 16:39:00 GMT
TheStreet – Intel's data center results could be a bad sign for other chipmakers with exposure to enterprise storage providers.

What Do Analysts Recommend for Western Digital?
Tue, 18 Oct 2016 15:04:05 GMT
Market Realist – Of the 33 analysts covering the US-based (SPY) Western Digital (WDC) stock, 22 have given it “buy” recommendations.

How Have Western Digital and Seagate Performed Since Q4?
Tue, 18 Oct 2016 12:04:21 GMT
Market Realist – Western Digital (WDC) announced its fiscal 4Q16 results on July 28, 2016, and shares of the firm have since risen by 5.4% to $56.62.

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