Western Digital's most recent trend suggests a bearish bias. One trading opportunity on Western Digital is a Bear Call Spread using a strike $55.00 short call and a strike $60.00 long call offers a potential 15.47% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock rose above the $60.00 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
Zacks Industry Outlook Highlights: NetApp, Western Digital and Pure Storage
Thu, 03 Feb 2022 09:42:09 +0000
NetApp, Western Digital and Pure Storage are highlighted in this Industry Outlook article.
3 Storage Devices Stocks to Watch for in a Booming Industry
Wed, 02 Feb 2022 14:10:02 +0000
Momentum in cloud computing, IoT, auto, connected devices, VR and AI is expected to favor the prospects of the Zacks Computer – Storage Devices industry players like NetApp (NTAP), Western Digital (WDC) and Pure Storage (PSTG).
AGF Investments LLC Buys Health Care Select Sector SPDR, Financial Select Sector SPDR, The …
Wed, 02 Feb 2022 02:38:10 +0000
Investment company AGF Investments LLC (Current Portfolio) buys Health Care Select Sector SPDR, Financial Select Sector SPDR, The Energy Select Sector SPDR Fund, Paratek Pharmaceuticals Inc, Hello Group Inc, sells Industrial Select Sector SPDR, Consumer Staples Select Sector SPDR, Utilities Select Sector SPDR ETF, Microsoft Corp, UnitedHealth Group Inc during the 3-months ended 2021Q4, according to the most recent filings of the investment company, AGF Investments LLC.
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
Financial Sense Advisors, Inc. Buys VanEck Morningstar Wide Moat ETF, Boston Scientific Corp, …
Mon, 31 Jan 2022 22:38:16 +0000
Investment company Financial Sense Advisors, Inc. (Current Portfolio) buys VanEck Morningstar Wide Moat ETF, Boston Scientific Corp, BTC iShares MSCI USA Quality Factor ETF, Becton, Dickinson and Co, iShares Silver Trust, sells iShares 20+ Year Treasury Bond ETF, iShares 0-5 Year High Yield Corporate Bond ETF, ISHARES TRUST, iShares Core MSCI Total International Stock ETF, SPDR S&P Bank ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Financia
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