Western Digital (WDC) Offering Possible 32.28% Return Over the Next 19 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 $92.00 short put and a strike $87.00 long put offers a potential 32.28% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.00 by expiration. The full premium credit of $1.22 would be kept by the premium seller. The risk of $3.78 would be incurred if the stock dropped below the $87.00 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 70.92 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

Expect tech and small caps to lead all stocks higher into year-end: NYSE trader
Wed, 22 Nov 2017 18:31:25 +0000
Keith Bliss of Cuttone and Company joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss tech stocks and small caps leading US stocks higher.

FCC working to eliminate Net Neutrality
Wed, 22 Nov 2017 16:08:13 +0000
The government is trying to change the way you use the internet. The FCC is set on repealing net neutrality. Reversing the Obama-era legislation would clear the way for internet service companies to charge users more to see certain content and curb access to some websites. The commission will officially vote on the ruling December 14th. Yahoo Finance’s Alexis Christoforous and Rick Newman talk about the winners and losers if net neutrality is eliminated.

Cramer: The market's 'era of good feelings' is lifting st…
Tue, 21 Nov 2017 23:33:00 +0000
Jim Cramer said that the stock market is in a pre-Thanksgiving daze where stocks climb despite negative press and sellers are hard to find.

'Era of good feelings' in market lifts stocks despite bad…
Tue, 21 Nov 2017 23:31:00 +0000
Jim Cramer said that the stock market is in a pre-Thanksgiving daze where stocks climb despite negative press and sellers are hard to find.

See what the IHS Markit Score report has to say about Western Digital Corp.
Tue, 21 Nov 2017 13:08:16 +0000
Western Digital Corp NASDAQ/NGS:WDC

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