Western Digital (WDC) Offering Possible 26.58% Return Over the Next 37 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 $90.00 short call and a strike $95.00 long call offers a potential 26.58% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 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 $95.00 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 22.32 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

HGST Offers The Only Complete Performance And Capacity Storage Portfolio Certified For Use With VMware Virtual SAN
Mon, 13 Oct 2014 12:00:00 GMT
PR Newswire – SAN JOSE, Calif., Oct. 13, 2014 /PRNewswire/ — Helping the world harness the power of data, HGST , a Western Digital Company (NASDAQ: WDC) today announced that multiple devices from its SAS enterprise …

UPDATE: Jefferies Initiates Coverage On ‘Top Pick' Western Digital
Fri, 10 Oct 2014 17:27:23 GMT
Benzinga – Jefferies initiated coverage on Western Digital Corp. (NASDAQ: WDC ) with a Buy rating and $124 price target, and called it a “Top Pick.” Analysts led by James Kisner named Western Digital their …

Western Digital Boosts SMB Portfolio with Sentinel DX4200
Thu, 09 Oct 2014 21:10:02 GMT

G-Technology® And Gobbler™ Form Strategic Alliance to Empower Audio Pros
Thu, 09 Oct 2014 12:00:00 GMT
PR Newswire – LOS ANGELES, Oct. 9, 2014 /PRNewswire/ — AES Convention (booth 1240) – HGST, a Western Digital company (WDC), today unveiled a strategic alliance between its G-Technology brand and Gobbler, a cloud collaboration platform for creatives. With a common goal of delivering innovative solutions for creative professionals, G-Technology and Gobbler are solving some of the most challenging issues with creative workflows by developing technology that melds highly reliable local storage with a cutting-edge collaboration platform designed with the pro-audio workflow in mind. By having G-Technology drives paired with the Gobbler platform, audio creatives get the most sophisticated cloud collaboration tools combined with the speed and flexibility of G-Technology's reliable, high-performance external storage solutions. Beginning today, customers who purchase select G-Technology external storage solutions at participating retailers and distributors, including Sweetwater, Hal Leonard and Full Compass, will receive a complimentary one-year Gobbler subscription.

WESTERN DIGITAL CORP Files SEC form 8-K, Regulation FD Disclosure
Wed, 08 Oct 2014 17:01:53 GMT

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