Western Digital's most recent trend suggests a bearish bias. One trading opportunity on Western Digital is a Bear Call Spread using a strike $50.00 short call and a strike $55.00 long call offers a potential 15.74% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock rose above the $55.00 long call 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 down which suggests that the medium-term momentum for Western Digital is bearish.
The RSI indicator is at 35.11 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
Western Digital Recognized as One of the World’s Most Ethical Companies for Fourth Year in a Row
Tue, 15 Mar 2022 12:00:00 +0000
SAN JOSE, Calif., March 15, 2022–Western Digital Corp. (NASDAQ: WDC), a leader in data infrastructure, today announced its recognition as one of the world’s most ethical companies by Ethisphere. The organization defines and advances the standards of ethical business practices worldwide.
Buy This Undervalued Stock Before Everyone Else Does
Tue, 15 Mar 2022 11:27:00 +0000
There are plenty of undervalued stocks on the market these days. On top of the broader market's downswing, data storage giant Western Digital (NASDAQ: WDC) recently had to halt production in two major manufacturing hubs for a couple of weeks. Western Digital's stock is found at the bottom of Wall Street's bargain bin, and it looks like a no-brainer buy right now.
Western Digital (WDC) Dips More Than Broader Markets: What You Should Know
Mon, 14 Mar 2022 22:00:10 +0000
In the latest trading session, Western Digital (WDC) closed at $44.47, marking a -1.83% move from the previous day.
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Fri, 11 Mar 2022 10:06:00 +0000
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