Western Digital (WDC) Offering Possible 34.77% Return Over the Next 33 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 $86.00 short put and a strike $81.00 long put offers a potential 34.77% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $86.00 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $3.71 would be incurred if the stock dropped below the $81.00 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 27.71 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

Barron's Recap: The Bull Will Be Back
Mon, 20 Oct 2014 10:34:30 GMT

[$$] Disk-Drive Wild Card
Sat, 18 Oct 2014 04:01:00 GMT
Barrons.com – Western Digital shares have fallen 11.2% over the past month, or nearly twice as much as the Standard & Poor’s 500 index. Drives are a growth market, and the number of hard-drive makers has shrunk from 10 to three in a decade, with two of them, Western Digital (WDC), followed closely by Seagate Technology (STX), controlling 85% of the market, according to Morningstar. One more thing: Western Digital stock, at $87, goes for 10.2 times projected earnings for the next four quarters and Campbell, 16.7 times. Wall Street expects Western Digital, led by Chief Executive Stephen Milligan, to grow its revenue by 1.2%, to $15.3 billion, and earnings per share by 2.9%, to $8.33, in its fiscal year ending June 2015.

Hikvision and Western Digital Host Video Surveillance Seminar in Middle East
Fri, 17 Oct 2014 22:32:03 GMT
noodls – Views:9 October 17, 2014 Hikvision, the world's leading supplier of video surveillance products and solutions, hosted a joint seminar with Western Digital, the leading supplier of hard drives, at the …

HGST Offers The Only Complete Performance And Capacity Storage Portfolio Certified For Use With VMware Virtual SAN
Mon, 13 Oct 2014 12:00:00 GMT
PR Newswire – SAN JOSE, Calif., Oct. 13, 2014 /PRNewswire/ — Helping the world harness the power of data, HGST , a Western Digital Company (NASDAQ: WDC) today announced that multiple devices from its SAS enterprise …

UPDATE: Jefferies Initiates Coverage On ‘Top Pick' Western Digital
Fri, 10 Oct 2014 17:27:23 GMT
Benzinga – Jefferies initiated coverage on Western Digital Corp. (NASDAQ: WDC ) with a Buy rating and $124 price target, and called it a “Top Pick.” Analysts led by James Kisner named Western Digital their …

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