Western Digital (WDC) Offering Possible 36.61% Return Over the Next 23 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 $66.00 short call and a strike $71.00 long call offers a potential 36.61% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $66.00 by expiration. The full premium credit of $1.34 would be kept by the premium seller. The risk of $3.66 would be incurred if the stock rose above the $71.00 long call 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 down which suggests that the medium-term momentum for Western Digital is bearish.

The RSI indicator is at 35.75 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

Is Western Digital (WDC) Stock Undervalued Right Now?
Mon, 26 Jul 2021 15:50:03 +0000
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Western Digital (WDC) Stock Sinks As Market Gains: What You Should Know
Wed, 21 Jul 2021 21:50:09 +0000
Western Digital (WDC) closed the most recent trading day at $64.45, moving -0.29% from the previous trading session.

Top Tech Stocks for August 2021
Tue, 20 Jul 2021 15:52:10 +0000
The technology sector is comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence (AI), and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world, such as Apple Inc. (AAPL), Microsoft Corp. (MSFT), and Amazon.com Inc. (AMZN). Tech stocks, represented by the Technology Select Sector SPDR ETF (XLK), have outperformed the broader market over the past year.

The Zacks Analyst Blog Highlights: Western Digital, NVIDIA, Advanced Micro Devices, Equinix and CoreSite Realty
Wed, 14 Jul 2021 12:58:12 +0000
The Zacks Analyst Blog Highlights: Western Digital, NVIDIA, Advanced Micro Devices, Equinix and CoreSite Realty

Western Digital to Announce Fourth Quarter and Fiscal Year 2021 Financial Results on August 4, 2021
Tue, 13 Jul 2021 22:30:00 +0000
SAN JOSE, Calif., July 13, 2021–Western Digital Corp. (NASDAQ: WDC) plans to announce its fourth quarter and fiscal year 2021 financial results after the market closes on Wednesday, August 4, 2021. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. The live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com.

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