Western Digital's most recent trend suggests a bearish bias. One trading opportunity on Western Digital is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 18.48% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.78 would be kept by the premium seller. The risk of $4.22 would be incurred if the stock rose above the $62.50 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 at 27.96 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Western Digital
Western Digital Q3 Earnings Could Show Rebound In Disk Drive Market
Mon, 24 Oct 2016 20:09:09 GMT
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Mon, 24 Oct 2016 12:44:12 GMT
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Sun, 23 Oct 2016 13:46:00 GMT
Western Digital (WDC) Q1 Earnings: Will it Beat Estimates?
Fri, 21 Oct 2016 13:34:01 GMT
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Wed, 19 Oct 2016 20:37:17 GMT
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