Western Digital's most recent trend suggests a bearish bias. One trading opportunity on Western Digital is a Bear Call Spread using a strike $91.00 short call and a strike $96.00 long call offers a potential 26.9% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $91.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock rose above the $96.00 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 28.66 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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Wed, 11 Apr 2018 21:15:09 +0000
The U.S. and China might be closer to resolving their trade issues after President Xi Jinping noted that his country will look to further open the Chinese economy to outsiders. There are no guarantees just yet, but markets seem to be a bit less jittery recently. This means now might be a good time to buy back in on the industry that drove indexes to historic heights.
Could HP Maintain Its Robust Revenue Growth in Fiscal 2018?
Wed, 11 Apr 2018 17:15:02 +0000
HP (HPQ) has performed considerably well since its split with Hewlett Packard Enterprise (HPE) in November 2015. Its stock price has increased over 71% since the start of December 2015, while HPE’s has risen almost 100%. Consumer technology peers Intel (INTC) and Western Digital (WDC) have generated stock returns of 44% and 48%, respectively. HP has beaten analyst estimates in three of its last four reported quarters.
Zacks.com featured highlights include: United Natural, Western Digital, Conduent, ArcBest and Cabot
Wed, 11 Apr 2018 14:55:02 +0000
Zacks.com featured highlights include: United Natural, Western Digital, Conduent, ArcBest and Cabot
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