Western Digital (WDC) Offering Possible 26.58% Return Over the Next 29 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 $44.00 short call and a strike $49.00 long call offers a potential 26.58% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $44.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $49.00 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 28.92 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

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Tue, 21 May 2019 21:49:38 +0000
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Why Rising Inventories Due to China Threaten US Chipmakers and Stock Market
Tue, 21 May 2019 09:45:16 +0000
Analysts at Morgan Stanley believe a re-acceleration of semiconductor shipments in the second half of the year is unlikely in this macro environment.

Western Digital Extends Veeam® Integrations Across its Portfolio of Data Center System Solutions
Tue, 21 May 2019 06:52:00 +0000
Company to Showcase Expanding Lineup of Veeam Supported Solutions at VeeamON 2019

Trade War Takes Its Toll on Tech Stocks
Tue, 21 May 2019 01:34:34 +0000
The trade war hit the tech sector directly as the S&P 500 saw a bearish continuation day, and rare earth metals may be next casualty.

Apple shares plunge on fresh fears over Trump tariffs
Mon, 20 May 2019 19:05:15 +0000
Apple shares fell again on Monday after an influential analyst cut the company’s price target, saying he worried more pain was on the horizon from President Trump’s escalating trade war with China.

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