Western Digital (WDC) Offering Possible 25.31% 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 $69.00 short put and a strike $64.00 long put offers a potential 25.31% 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 $69.00 by expiration. The full premium credit of $1.01 would be kept by the premium seller. The risk of $3.99 would be incurred if the stock dropped below the $64.00 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 69.69 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

Micron Shares Extend Rally as Analysts See Higher Prices Ahead for Memory Chips
Mon, 01 Mar 2021 16:54:00 +0000
(MU) shares have extended their recent rally, as Wall Street analysts see growing evidence of strengthening demand for both NAND flash and DRAM memory chips. Memory pricing is on the rise, driven by a combination of tight supplies and growing demand for memory chips in applications like 5G mobile phones, cloud computing servers, electric vehicles, and personal computers. Wedbush analyst Matt Bryson on Monday repeated his Neutral rating on Micron (Ticker: MU) shares, but lifted his price target to $100, from $88.

Better Buy: Micron Technology vs. Western Digital
Sun, 28 Feb 2021 14:30:00 +0000
Micron Technology (NASDAQ: MU) and Western Digital (NASDAQ: WDC) are both major players in the memory and data storage market. Micron mainly sells DRAM and NAND (flash) memory chips, while WD produces NAND chips, flash-based SSDs (solid-state drives), and traditional platter-based HDDs (hard disk drives).

Big Short’s Michael Burry Is Betting On These 11 Stocks
Sat, 27 Feb 2021 21:19:16 +0000
In this article, we examined Big Short’s Michael Burry bets on 11 stocks amid his warning over the stock market collapse ahead. Click to skip ahead and see Michael Burry’s Top 5 Stock Picks. Scion Asset Management chief Michael Burry, who is famous for his billion-dollar bet on the US housing crash in 2008, warned […]

Western Digital (WDC) Up 30.2% Since Last Earnings Report: Can It Continue?
Sat, 27 Feb 2021 16:31:04 +0000
Western Digital (WDC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Western Digital and Micron Rally on Upbeat Outlook for Memory-Chip Pricing
Wed, 24 Feb 2021 17:01:00 +0000
Susquehanna analyst Mehdi Hosseini lifted his price target on Western Digital to a Street-high $100 from $85, reflecting his broader view that memory-chip pricing is rising for both flash NAND and DRAM.

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