Western Digital (WDC) Offering Possible 38.54% Return Over the Next 17 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 $63.00 short put and a strike $57.50 long put offers a potential 38.54% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $63.00 by expiration. The full premium credit of $1.53 would be kept by the premium seller. The risk of $3.97 would be incurred if the stock dropped below the $57.50 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 32.3 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

What You Need To Know About Western Digital Corporation's (NASDAQ:WDC) Investor Composition
Fri, 30 Jul 2021 14:41:13 +0000
If you want to know who really controls Western Digital Corporation ( NASDAQ:WDC ), then you'll have to look at the…

Western Digital (WDC) Gains As Market Dips: What You Should Know
Wed, 28 Jul 2021 21:50:09 +0000
Western Digital (WDC) closed the most recent trading day at $63.52, moving +1.86% from the previous trading session.

Western Digital (WDC) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Wed, 28 Jul 2021 19:03:07 +0000
Western Digital (WDC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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.

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