Western Digital (WDC) Offering Possible 42.86% 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 $99.50 short put and a strike $94.50 long put offers a potential 42.86% 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 $99.50 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $94.50 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 75.91 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

Infinera's Fallon Wants to be a ‘Winner,' Not a ‘Survivor'; Ciena's No Model
Wed, 22 Apr 2015 17:41:00 GMT
Barrons.com – Sprinting from a Q1 beat yesterday, Infinera (INFN) CEO Tom Fallon was kind enough to take a few minutes to talk with me by phone. Jefferies & Co.’s George Notter reiterates a Buy, and a $25 price target, writing that investors just don’t get it: Listening to last night’s EPS conference call, we were taken aback by the questions the company fielded regarding their business… The minor puts and takes on Q1 gross margin performance?

HGST's Active Archive System Wins NewBay Media Best Of Show Award At NAB 2015
Wed, 22 Apr 2015 12:00:00 GMT
PR Newswire – SAN JOSE, Calif., April 22, 2015 /PRNewswire/ — Helping the world harness the power of data, HGST ( @HGSTStorage ), a Western Digital company (NASDAQ: WDC) today announced that its Active Archive System …

3 Stocks Spiking on Big Volume
Fri, 17 Apr 2015 18:57:00 GMT

Seagate Earnings Challenged By Weak PC Demand, Europe
Fri, 17 Apr 2015 18:06:00 GMT

Western Digital Better Bet Than Seagate, JP Morgan Says
Thu, 16 Apr 2015 13:29:56 GMT

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