Western Digital (WDC) Offering Possible 34.05% Return Over the Next 32 Calendar Days

Western Digital's most recent trend suggests a bearish bias. One trading opportunity on Western Digital is a Bear Call Spread using a strike $92.50 short call and a strike $97.50 long call offers a potential 34.05% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $92.50 by expiration. The full premium credit of $1.27 would be kept by the premium seller. The risk of $3.73 would be incurred if the stock rose above the $97.50 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 50.11 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

Western Digital Looks Like a Solid Long-Term Investment
Tue, 15 Apr 2014 00:32:35 GMT
Motley Fool – Western Digital’s strong balance sheet and superiority over Seagate give it more room to flex its muscles in the storage market.

G-Technology Launches Its New ‘Studio' Line Of External Hard Drives
Mon, 07 Apr 2014 15:00:00 GMT
PR Newswire – LAS VEGAS, April 7, 2014 /PRNewswire/ — National Association of Broadcasters (NAB 2014, Booth #SL9005) – G-Technology , a leader in delivering premium storage solutions for audio/video production, photography …

G-Technology® Expands Industry's Most Flexible Storage Solutions With New Additions To The Evolution Series
Mon, 07 Apr 2014 15:00:00 GMT
PR Newswire – LAS VEGAS, April 7, 2014 /PRNewswire/ — National Association of Broadcasters Show (NAB 2014, Booth SL9005) – G-Technology , a leader in delivering premium storage solutions for audio/video production, …

G-Technology Launches Its New ‘Studio' Line of External Hard Drives
Mon, 07 Apr 2014 15:00:00 GMT
Business Wire – G-Technology, a leader in delivering premium storage solutions for audio/video production, photography and the creative professional market, today announced the first products in its new Studio line – the G-RAID Studio and G-SPEED Studio.

G-Technology® Expands Industry's Most Flexible Storage Solutions with New Additions to the Evolution Series
Mon, 07 Apr 2014 15:00:00 GMT
Business Wire – G-Technology, a leader in delivering premium storage solutions for audio/video production, photography and the creative professional market, today announced the latest additions in its Evolution Series family – the G-DRIVE ev SSD and the 500GB G-DRIVE ev external drive modules.

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