Western Digital (WDC) Offering Possible 31.93% 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 $78.50 short put and a strike $73.50 long put offers a potential 31.93% 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 $78.50 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock dropped below the $73.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Western Digital is bullish and the probability of a rise 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 75.76 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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Thu, 02 Feb 2017 01:12:00 GMT
Business Wire – Western Digital Corp. today announced that the board of directors declared a cash dividend for the quarter ending March 31, 2017, of $0.50 per share of common stock .

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Wed, 01 Feb 2017 21:35:12 GMT

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