Western Digital (WDC) Offering Possible 31.93% Return Over the Next 14 Calendar Days

Western Digital's most recent trend suggests a bullish bias. One trading opportunity on Western Digital is a Bull Put Spread using a strike $83.50 short put and a strike $78.50 long put offers a potential 31.93% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $83.50 by expiration. The full premium credit of $1.21 would be kept by the premium seller. The risk of $3.79 would be incurred if the stock dropped below the $78.50 long put 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 up which suggests that the medium-term momentum for Western Digital is bullish.

The RSI indicator is at 69.71 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

Why Is Western Digital (WDC) Down 4.9% Since the Last Earnings Report?
Fri, 07 Apr 2017 08:09:08 UTC
Western Digital (WDC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

What Trump's Meeting With China's Xi Jinping Could Mean for Google and Other U.S. Tech Giants
Thu, 06 Apr 2017 21:42:00 UTC
The president's first meeting with China's leader could define the terms on a host of issues that are critical to U.S. tech companies, including potential tariffs, M&A activity and IP.

​Western Digital taps Dell EMC exec Bullinger to lead datacenter unit
Thu, 06 Apr 2017 15:19:00 UTC
Storage industry veteran Phil Bullinger will be charged with growing Western Digital's presence in the datacenter.

Western Digital Names Phil Bullinger SVP and General Manager of Data Center Systems Business Unit
Thu, 06 Apr 2017 13:00:00 UTC
Western Digital Corp. , a world leader in storage technologies and solutions, today announced the appointment of Phil Bullinger to the position of senior vice president and general manager, Data Center Systems Business Unit.

Western Digital Unveils Its First WD® Portable SSD
Thu, 06 Apr 2017 12:00:00 UTC
Western Digital Corporation , a global storage technology and solutions leader, today introduced its fastest WD® brand portable drive yet, the My Passport™ SSD. Featuring blazing-fast speeds and award-winning design, the new My Passport SSD compliments the company’s leading portfolio of My Passport palm-sized storage devices.

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