Western Digital (WDC) Offering Possible 33.69% Return Over the Next 15 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 33.69% return on risk over the next 15 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 $1.26 would be kept by the premium seller. The risk of $3.74 would be incurred if the stock dropped below the $73.50 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 72.56 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

Western Digital Board Declares Dividend for Third Fiscal Quarter 2017
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 .

Apple, Western Digital PTs Raised; Under Armour, Mobileye Downgraded
Wed, 01 Feb 2017 21:35:12 GMT

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Canon unlikely to help Toshiba with investment in memory chip business
Tue, 31 Jan 2017 10:19:35 GMT
Reuters – Japan's Canon Inc said would be difficult to invest in Toshiba Corp's memory chip business, dousing hopes that the struggling conglomerate could count on its business partner for help as it scrambles for funds to offset a multi-billion dollar writedown. Toshiba said last week it plans to sell a stake of less than 20 percent in the business – the world's No. 2 NAND flash memory producer after Samsung Electronics Co Ltd and which accounts for the bulk of its operating profit.

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