Western Digital (WDC) Offering Possible 27.88% Return Over the Next 17 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 $68.00 short put and a strike $63.00 long put offers a potential 27.88% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $68.00 by expiration. The full premium credit of $1.09 would be kept by the premium seller. The risk of $3.91 would be incurred if the stock dropped below the $63.00 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 70.74 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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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.

Western Digital Named One of the World’s Most Ethical Companies by Ethisphere for the Third Year in a Row
Tue, 23 Feb 2021 11:01:00 +0000
Western Digital Corp. (NASDAQ: WDC), a leader in data infrastructure, announced today it has been recognized by the Ethisphere Institute for the third year in a row as one of the World’s Most Ethical Companies.

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