Western Digital (WDC) Offering Possible 18.2% Return Over the Next 9 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 $52.50 short call and a strike $57.50 long call offers a potential 18.2% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $52.50 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock rose above the $57.50 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 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

Phoenix Holdings Ltd. Buys Global X The Global X Cybersecurity ETF, FMC Corp, Univar Solutions …
Mon, 07 Feb 2022 14:38:07 +0000
Investment company Phoenix Holdings Ltd. (Current Portfolio) buys Global X The Global X Cybersecurity ETF, FMC Corp, Univar Solutions Inc, Meta Platforms Inc, PPG Industries Inc, sells SPDR S&P Regional Banking ETF, Global X Copper Miners ETF, Defiance Next Gen Connectivity ETF, Alcoa Corp, ETFMG Prime Cyber Security ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Phoenix Holdings Ltd..

Troubled Toshiba to Split Into Two Firms Instead of Three
Mon, 07 Feb 2022 04:55:00 +0000
(Bloomberg) — Toshiba Corp. said it would divide into two companies and sell non-core assets, scrapping an initial three-way split that faced fierce criticism from activist shareholders.Most Read from BloombergAmazon Is Raising Base Salary Cap to $350,000 From $160,000Ottawa Declares Emergency as Protests Spin ‘Out of Control’We’re Fine Without Facebook, German and French Ministers SayMeta Renews Warning to EU It Will Be Forced to Pull FacebookRedistricting Is Taking the Swing Out of U.S. Swing

Were Expert Investors Right About Western Digital Corporation (WDC)?
Fri, 04 Feb 2022 22:05:26 +0000
Stocks, especially the once high flying technology stocks, had a lousy start to the new year. QQQ lost 9% of its value in January. We aren’t certain about the bubbly technology stocks that trade for ridiculously high multiples of their revenues, but we believe top hedge fund stocks will deliver positive returns for the rest […]

Western Digital Is Cheaply Valued
Fri, 04 Feb 2022 17:51:36 +0000
The company is facing short-term challenges, but the long-term outlook is promising

Greenwood Capital Associates Llc Buys iShares MSCI Global Min Vol Factor ETF, iShares Core MSCI …
Thu, 03 Feb 2022 22:38:42 +0000
Greenwood, SC, based Investment company Greenwood Capital Associates Llc (Current Portfolio) buys iShares MSCI Global Min Vol Factor ETF, iShares Core MSCI Total International Stock ETF, iShares Core MSCI Europe ETF, iShares Global Energy ETF, iShares MSCI Taiwan ETF, sells Vanguard FTSE Europe ETF, iShares Core MSCI Emerging Markets ETF, Chewy Inc, Invesco China Technology ETF, iShares MSCI EAFE Small-Cap ETF during the 3-months ended 2021Q4, according to the most recent filings of the investme

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