Western Digital's most recent trend suggests a bullish bias. One trading opportunity on Western Digital is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 22.85% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock dropped below the $85.00 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 above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for Western Digital
Toshiba is again blocking Western Digital from its joint manufacturing plant
Mon, 24 Jul 2017 15:14:06 +0000
Western Digital Corp.’s icy relationship with its flash memory partner Toshiba got a bit colder Tuesday, as Toshiba again locked out Western Digital employees from accessing data at the plant the companies operate together in Japan. Toshiba is attempting to sell its flash memory manufacturing business for roughly $18 billion. San Jose-based Western Digital says its joint venture agreement with Toshiba means it has the right to exclusively negotiate for the business.
What's in Store for Western Digital (WDC) in Q4 Earnings?
Mon, 24 Jul 2017 14:54:02 +0000
Western Digital's (WDC) fourth-quarter results are likely to be positively impacted by growing demand, enhancement and adoption of flash memory products.
Western Digital Announces Four-Bits-Per-Cell (X4) Technology on 3D NAND
Mon, 24 Jul 2017 12:15:00 +0000
Western Digital Corp. today announced its successful development of four bits per cell, X4, flash memory architecture offering on 64-layer 3D NAND, BiCS3, technology. Building on its pioneering innovation of X4 for 2D NAND technology and past success in commercializing it, the company has now developed X4 for 3D NAND by leveraging its deep vertical integration capabilities.
Seagate (STX) Q4 Earnings: Disappointment in the Cards?
Fri, 21 Jul 2017 14:53:02 +0000
Seagate's (STX) Q4 results are expected to be negatively impacted by intensifying competition, ongoing shift in demand from PCs to inexpensive mobile devices and declining PC shipment.
ASML's Results Are Great News for Chip Equipment Makers, but Maybe Not for Memory Makers
Wed, 19 Jul 2017 20:41:00 +0000
The Dutch chip equipment giant is seeing very strong demand from memory makers in the middle of a boom cycle.
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