Western Digital (WDC) Offering Possible 26.58% Return Over the Next 30 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 $57.50 short call and a strike $62.50 long call offers a potential 26.58% return on risk over the next 30 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 $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $62.50 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

Western Digital (WDC) Gains As Market Dips: What You Should Know
Mon, 15 Oct 2018 21:45:09 +0000
Western Digital (WDC) closed at $54.50 in the latest trading session, marking a +0.17% move from the prior day.

Is Seagate Technology a Buy?
Sat, 13 Oct 2018 19:08:00 +0000
Investors should take a closer look at this misunderstood hard drive maker.

Implied Volatility Surging for Western Digital (WDC) Stock Options
Fri, 12 Oct 2018 14:15:02 +0000
Western Digital (WDC) needs investors to pay close attention to the stock based on moves in the options market lately.

How Semiconductor Stocks Performed amid Sell-Off
Thu, 11 Oct 2018 12:30:12 +0000
Semiconductor stocks have also had a volatile year. These stocks have corrected significantly after trading at record highs earlier this year. The SMH VanEck Vectors Semiconductor ETF (SMH) has fallen 1.5% in 2018. Micron (MU) stock rose from $39.40 on February 5 to $62.62 on May 29. The stock has since declined 33.5% to $41.61. Micron stock has lost 8% this month, and it fell 1.6% yesterday. The 2019 forward price-to-earnings for Micron is 4.06x and 4.24x for 2020.

Kaminario Announces Record Financial Results and New Strategic Investor
Tue, 09 Oct 2018 12:10:00 +0000
Kaminario, a leading cloud storage software company, today announced the company grew its topline software business more than 55 percent during the first nine months of 2018, relative to the same time period in 2017.  In addition,  the company has been operating with positive cash flow for the quarter ending Sept. 30.  Kaminario also announced that it received a strategic investment from Western Digital Capital, the strategic investment fund of Western Digital Corp. (WDC). Kaminario’s operating efficiency has been aided by the company’s adoption of a software-based business model that leverages a unique partnership with Tech Data, the world’s leading end-to-end distributor of technology products, services and solutions.  Kaminario’s strong growth reflects its success in expanding its business with cloud scale datacenter operators, including software-as-a-service, consumer internet, and cloud service providers.

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