Western Digital (WDC) Offering Possible 40.45% Return Over the Next 27 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 $92.50 short put and a strike $87.50 long put offers a potential 40.45% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $1.44 would be kept by the premium seller. The risk of $3.56 would be incurred if the stock dropped below the $87.50 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 58.43 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

ASML's Results Are Great News for Chip Equipment Makers, but Maybe Not for Memory Makers
Wed, 19 Jul 2017 20:41:00 +0000
The Dutch chip equipment giant is seeing very strong demand from memory makers in the middle of a boom cycle.

Analyst: Nvidia, Western Digital Only Buys In Semi Space Given Current Industry Dynamics
Wed, 19 Jul 2017 15:32:36 +0000
Summit Redstone analyst Kinngai Chan’s latest channel checks on the semi space show headwinds ahead for most of the industry. The analyst believes only NVIDIA Corporation (NASDAQ: NVDA ) and Western Digital …

Toshiba is again blocking Western Digital from its joint manufacturing plant
Wed, 19 Jul 2017 14:20:18 +0000
Western Digital Corp.’s icy relationship with its flash memory partner Toshiba got a bit colder Tuesday, as Toshiba again locked out Western Digital employees from accessing data at the plant the companies operate together in Japan. Toshiba is attempting to sell its flash memory manufacturing business for roughly $18 billion. San Jose-based Western Digital says its joint venture agreement with Toshiba means it has the right to exclusively negotiate for the business.

Tech War Heats Up, Toshiba Blocks Western Digital's Access to Joint Venture Data
Wed, 19 Jul 2017 14:16:00 +0000
Toshiba wants to sell its joint venture chip business without interference from Western Digital.

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Wed, 19 Jul 2017 12:10:56 +0000
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