Western Digital (WDC) Offering Possible 47.49% Return Over the Next 34 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 $65.00 short put and a strike $60.00 long put offers a potential 47.49% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $1.61 would be kept by the premium seller. The risk of $3.39 would be incurred if the stock dropped below the $60.00 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 66.14 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

Western Digital to Announce Second Quarter Financial Results on January 30, 2020
Thu, 09 Jan 2020 21:45:00 +0000
Western Digital Corp. (NASDAQ: WDC) plans to announce financial results for its second quarter of fiscal 2020 after the market closes on Thursday, January 30, 2020. The investment community conference call to discuss these results will be held that day at 2:00 p.m. Pacific / 5:00 p.m. Eastern. A live broadcast and a webcast replay of the conference call will be available at investor.wdc.com.

Western Digital (WDC) Surges: Stock Moves 6.8% Higher
Wed, 08 Jan 2020 14:07:02 +0000
Western Digital (WDC) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

Micron, Western Digital jump on Cowen upgrades
Tue, 07 Jan 2020 20:12:19 +0000
Micron and Western Digital are jumping after both upgraded from "market perform" to "out perform" by Cowen. Yahoo Finance's Ines Ferre joins Seana Smith on The Ticker to discuss.

StockBeat: Micron Rallies as Analyst Sees Memory Turnaround
Tue, 07 Jan 2020 18:35:24 +0000
Investing.com – Micron (NASDAQ:MU) rallied Tuesday as Cowen upgraded its outlook on the chipmaker on expectations that a turnaround in the memory market may arrive sooner than many expect.

Micron, Western Digital Get Big Upgrades At Cowen, NAND Market In Focus
Tue, 07 Jan 2020 17:35:42 +0000
An earlier-than-expected improvement in NAND market fundamentals will likely benefit memory and storage technology companies Western Digital Corp (NASDAQ: WDC ) and Micron Technology, Inc. (NASDAQ: MU …

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