Western Digital (WDC) Offering Possible 37.16% Return Over the Next 22 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 $66.50 short put and a strike $61.00 long put offers a potential 37.16% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $66.50 by expiration. The full premium credit of $1.49 would be kept by the premium seller. The risk of $4.01 would be incurred if the stock dropped below the $61.00 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 77.86 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 Named One of the World’s Most Ethical Companies by Ethisphere for the Third Year in a Row
Tue, 23 Feb 2021 11:01:00 +0000
Western Digital Corp. (NASDAQ: WDC), a leader in data infrastructure, announced today it has been recognized by the Ethisphere Institute for the third year in a row as one of the World’s Most Ethical Companies.

Facebook, Twitter, United Airlines and other large companies pledge to boost numbers of diverse leaders
Fri, 19 Feb 2021 23:28:00 +0000
Some of the nation's biggest companies have signed onto a Silicon Valley–born initiative to boost diversity in their leadership to 25% by the year 2025.

Kioxia and Western Digital Announce 6th-Generation 3D Flash Memory
Thu, 18 Feb 2021 23:00:00 +0000
Kioxia Corporation and Western Digital Corp. (NASDAQ: WDC), today announced that the companies have developed their sixth-generation, 162-layer 3D flash memory technology. Marking the next milestone in the companies’ 20-year joint-venture partnership, this is the companies’ highest density and most advanced 3D flash memory technology to date, utilizing a wide range of technology and manufacturing innovations.

Seagate Stock Gets a Double Upgrade as Drive Maker Becomes a Cloud Play
Thu, 18 Feb 2021 17:21:00 +0000
BofA Securities analyst Wamsi Mohan lifted his target for the stock price to $90, the highest on Wall Street, from $54.

This Is Where the Real Stock Market Bubble Is
Mon, 15 Feb 2021 11:30:00 +0000
It is likely that the S&P 500 Technology Hardware, Storage & Peripherals index is in a bubble at risk of bursting. In their study, “Bubbles for Fama,” published in the January 2019 issue of the Journal of Financial Economics, they analyzed U.S. stock market history back to 1926 in search of ways to forecast a bubble that was about to burst. Applying the formula the researchers derive, I calculate there is an 80% chance that the Technology Hardware, Storage & Peripherals index will be 40% lower than today at some point in the next two years.

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