Western Digital (WDC) Offering Possible 35.14% Return Over the Next 16 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 $107.00 short call and a strike $112.00 long call offers a potential 35.14% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $107.00 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock rose above the $112.00 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 at 53.61 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 Launches High-Performance NAS Devices – Analyst Blog
Tue, 03 Mar 2015 22:46:10 GMT

Home Hard Drives Head to the Cloud
Tue, 03 Mar 2015 17:53:50 GMT
MarketWatch – Seagate’s Personal Cloud and Western Digital’s My Cloud blend the convenience of the cloud with the space and affordability of real hard drives. WSJ’s Joanna Stern journeys to the cloud to review them. …

HGST Announces Definitive Agreement To Acquire Amplidata
Tue, 03 Mar 2015 13:00:00 GMT
PR Newswire – IRVINE and MILPITAS, Calif., March 3, 2015 /PRNewswire/ — Western Digital® Corporation (WDC) announced today that HGST has entered into a definitive agreement to acquire Amplidata, a privately-held developer of object storage software for public and private cloud data centers. HGST is a wholly owned subsidiary of Western Digital Corp. The acquisition supports the company's strategy to expand into higher value data storage platforms and systems that deliver breakthrough value and scalability to address the massive growth in storage requirements in cloud data centers. Amplidata's primary offering is Himalaya®, an advanced object storage software product that enables scale-out software-defined storage systems.

Western Digital Uses New Intel, Marvell Processors In Latest High Performance NAS Devices
Sat, 28 Feb 2015 01:18:00 GMT
Forbes – Western Digital announced a quartet of new network attached storage devices yesterday, targeting small businesses and PC power users. The new devices are both in WD My Cloud family, and they look quite similar, but these new EX series and DL series devices are actually quite different—at the hardware level,

WD® Adds High Performance Network Attached Storage (NAS) Solutions For Expert And Business Users To My Cloud® Line
Thu, 26 Feb 2015 12:57:00 GMT
PR Newswire – IRVINE, Calif., Feb. 26, 2015 /PRNewswire/ — WD ® , a Western Digital (NASDAQ: WDC) company and a world leader in connected storage solutions, today expanded its suite of network attached storage (NAS) …

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