Western Digital (WDC) Offering Possible 45.77% Return Over the Next 13 Calendar Days

Western Digital's most recent trend suggests a bearish bias. One trading opportunity on Western Digital is a Bear Call Spread using a strike $53.00 short call and a strike $58.00 long call offers a potential 45.77% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $53.00 by expiration. The full premium credit of $1.57 would be kept by the premium seller. The risk of $3.43 would be incurred if the stock rose above the $58.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Western Digital is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Western Digital is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

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

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AGF Investments LLC Buys Health Care Select Sector SPDR, Financial Select Sector SPDR, The …
Wed, 02 Feb 2022 02:38:10 +0000
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Augustine Asset Management Inc Buys Invesco Optimum Yield Diversified Commodity, Global …
Tue, 01 Feb 2022 22:38:09 +0000
Jacksonville, FL, based Investment company Augustine Asset Management Inc (Current Portfolio) buys Invesco Optimum Yield Diversified Commodity, Global Payments Inc, Micron Technology Inc, TotalEnergies SE, abrdn Bloomberg All Commodity Strategy K-1 Free ET, sells International Business Machines Corp, Western Digital Corp, SPDR Gold Shares ETF, iShares Silver Trust, AT&T Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Augustine Asset Managemen

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