Western Digital (WDC) Offering Possible 7.07% Return Over the Next 11 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 $87.50 short call and a strike $92.50 long call offers a potential 7.07% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $87.50 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock rose above the $92.50 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 at 34.75 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

Big investor's top stock pick: EFII, PCRX & more
Mon, 05 May 2014 21:45:00 GMT

Western Digital Corp.'s (WDC) CEO Stephen D. Milligan on Q3 2014 Earnings – Call Transcript
Mon, 05 May 2014 17:17:00 GMT

WESTERN DIGITAL CORP Files SEC form 10-Q, Quarterly Report
Mon, 05 May 2014 10:01:01 GMT

Why Avon Products, Inc., Western Digital Corp., and Seagate Technology PLC Are Today’s 3 Worst Stocks
Fri, 02 May 2014 00:08:15 GMT
Motley Fool – Two tech stocks crumble despite earnings beats, and a mighty cosmetics retailer stumbles as it fails to stem a collapse in sales.

Consumer Electronics Lift Western Digital's Earnings As Enterprise Storage Disappoints
Thu, 01 May 2014 21:24:02 GMT
Seeking Alpha – Western Digital Corporation (NASDAQ: WDC ) announced its Q3 FY 2014 earnings on April 30, reporting a mild 1.5% year-on-year decline in net revenues. The company’s gross margins increased by 44 basis points …

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