Western Digital (WDC) Offering Possible 41.24% Return Over the Next 29 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 $97.50 short put and a strike $92.50 long put offers a potential 41.24% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $1.46 would be kept by the premium seller. The risk of $3.54 would be incurred if the stock dropped below the $92.50 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 above 80 which suggests that the stock is in overbought 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

What Analysts Expect from NetApp in Fiscal 2018 and Beyond
Tue, 20 Mar 2018 19:15:02 +0000
NetApp's Revenue Drivers in 2018: All-Flash Storage, Data Fabric

Western Digital Rises More Than 4%: Can the Rally Continue?
Mon, 19 Mar 2018 11:27:11 +0000
Western Digital's (WDC) shares have climbed 4.1% in yesterday's trading session, outperforming the market.

Western Digital Stock Could Soar Another 27%
Sat, 17 Mar 2018 20:51:00 +0000
Western Digital stock could run to $135, according the analysts at Baird. Jim Cramer agrees.

Western Digital, Micron Stocks Jump As Memory-Chip Crunch Avoided
Fri, 16 Mar 2018 20:43:53 +0000
Fears of an oversupply and price wars in the chip-storage market have softened, lifting the stocks of Western Digital, Micron, Smart Global Holdings and others.

Nasdaq Ends Higher In Cliffhanger As These 3 Chip Names Soar
Fri, 16 Mar 2018 20:06:56 +0000
Retailers rallied behind Walmart Friday and chipmakers soared, despite a deep loss for Broadcom.

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