Western Digital's most recent trend suggests a bullish bias. One trading opportunity on Western Digital is a Bull Put Spread using a strike $47.00 short put and a strike $42.00 long put offers a potential 17.92% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.00 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock dropped below the $42.00 long put 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 up which suggests that the medium-term momentum for Western Digital is bullish.
The RSI indicator is at 60.13 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Western Digital
Confidence In Western Digital Approval Of SanDisk Acquisition Grows
Thu, 10 Mar 2016 19:53:07 GMT
Investor's Business Daily – Expectations that Western Digital (WDC) shareholders will agree to the acquisition of SanDisk (SNDK) increased Thursday, with Summit Research issuing an upbeat report. “We think that shareholder approval …
Western Digital Said to Plan Marketing of $18 Billion Loans
Thu, 10 Mar 2016 19:14:43 GMT
Bloomberg – Western Digital Corp. plans to approach lenders March 15 to start syndicating about $18 billion in debt backing its takeover of SanDisk Corp., according to people with knowledge of the matter, who asked …
Western Digital Launches Surveillance Storage Provider Certification Program
Thu, 10 Mar 2016 12:57:00 GMT
PR Newswire – IRVINE, Calif., March 10, 2016 /PRNewswire/ — Western Digital Corporation (NASDAQ: WDC), a world leader in storage solutions, today announced the myWD™ Surveillance Storage Certified Surveillance Reseller …
Did Western Digital Make a Good Enough Case for the Leveraged SanDisk Acquisition?
Wed, 09 Mar 2016 18:45:31 GMT
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