Western Digital (WDC) Offering Possible 54.8% Return Over the Next 14 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 54.8% return on risk over the next 14 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 $1.77 would be kept by the premium seller. The risk of $3.23 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 at 41.12 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

Here is What Hedge Funds Think About Western Digital Corporation (WDC)
Tue, 28 Sep 2021 13:14:28 +0000
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of June. At Insider Monkey, we follow nearly 900 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]

The World Economic Forum Welcomes Western Digital to Prestigious Global Lighthouse Network
Mon, 27 Sep 2021 12:00:00 +0000
SAN JOSE, Calif., September 27, 2021–Today, Western Digital (NASDAQ: WDC) announced the World Economic Forum has named two of its smart factories in Asia to the Global Lighthouse Network, a community of world-leading companies that have succeeded in the adaptation of the Fourth Industrial Revolution (4IR) at scale. Of the 90 total sites within the World Economic Forum’s Lighthouse network, Western Digital is the first company to receive this distinction for an intelligent factory in Malaysia. A

3 No-Brainer Stocks to Invest $200 In Right Now
Mon, 27 Sep 2021 09:51:00 +0000
Despite the broad-based S&P 500 declining by a double-digit percentage on 38 separate occasions since the beginning of 1950, each and every one of these pullbacks was eventually erased by a bull-market rally. Operating in a defensive sector means pharmaceutical stocks like Bristol Myers are veritable cash cows.

Zacks Industry Outlook Highlights: NetApp, Western Digital, Teradata and Pure Storage
Thu, 23 Sep 2021 12:42:12 +0000
Zacks Industry Outlook Highlights: NetApp, Western Digital, Teradata and Pure Storage

Any Kioxia-Western Digital deal should ensure equal hubs in Japan, U.S. – senior lawmaker
Fri, 17 Sep 2021 07:04:29 +0000
Any merger of Japanese chipmaker Kioxia Holdings and U.S. rival Western Digital Corp should ensure critical operations are split equally between the two countries, a senior member of Japan's ruling party told Reuters. The comments from Akira Amari, a former economy minister and influential lawmaker in the ruling Liberal Democratic Party (LDP), underscore Japan's desperation https://www.reuters.com/technology/japan-sees-peril-us-chip-hub-counter-china-2021-08-17 to preserve the remnants of its semiconductor industry, an area where it once led the world but has since been eclipsed. “We shouldn't allow everything to be taken away to the United States,” Amari said in an interview on Thursday.

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