Western Digital (WDC) Offering Possible 43.68% Return Over the Next 15 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 $70.00 short put and a strike $65.00 long put offers a potential 43.68% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $1.52 would be kept by the premium seller. The risk of $3.48 would be incurred if the stock dropped below the $65.00 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 33.77 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

Got $5,000? These 3 Stocks Are Ridiculously Cheap Buys
Tue, 29 Jun 2021 11:02:00 +0000
Buying shares of Jazz Pharmaceuticals (NASDAQ: JAZZ), Suncor Energy (NYSE: SU), and Western Digital (NASDAQ: WDC) can set you up for some great growth opportunities while also diversifying your portfolio with exposure to pharmaceuticals, cannabis, oil and gas, and tech. A year ago, Jazz was a slow-growing business that may not have attracted much interest from growth investors. GW Pharmaceuticals is known for its cannabis-based drug, Epidiolex.

Information being mysteriously deleted from people’s hard drives after apparent malware attack
Fri, 25 Jun 2021 15:38:49 +0000
Customers are finding information mysteriously deleted from their hard drives amid an apparent malware attack. Users of Western Digital’s My Book Live and My Book Live Duo – which offer networked attach storage, so the hard drives can be acessed remotely – are finding that their data has been removed from the device. The hard drives are explicitly marketed with the tagline “put your life on it”, and users are encouraged to back up important personal files such as photos or important documents.

Should You Consider Investing in Western Digital Corporation (WDC)?
Thu, 24 Jun 2021 16:43:03 +0000
ClearBridge Investments, an investment management firm, published its “Aggressive Growth Strategy” first quarter 2021 investor letter – a copy of which can be downloaded here. The ClearBridge Aggressive Growth Strategy outperformed its Russell 3000 Growth Index benchmark in the first quarter. On an absolute basis, the Strategy generated gains across seven of the eight sectors […]

Has Western Digital (WDC) Outpaced Other Computer and Technology Stocks This Year?
Thu, 24 Jun 2021 15:30:03 +0000
Is (WDC) Outperforming Other Computer and Technology Stocks This Year?

Western Digital (WDC) Debuts Storage Solution for 5G Smartphones
Thu, 24 Jun 2021 14:53:02 +0000
Western Digital's (WDC) iNAND MC EU551 is the first solution to be built on the company's UFS 3.1 platform.

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