Western Digital (WDC) Offering Possible 21.36% Return Over the Next 10 Calendar Days

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Western Digital’s most recent trend suggests a bearish bias. One trading opportunity on Western Digital is a Bear Call Spread using a strike $58.00 short call and a strike $63.00 long call offers a potential 21.36% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $58.00 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock rose above the $63.00 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 43.96 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Western Digital

Is Western Digital Corporation’s (NASDAQ:WDC) Stock Price Struggling As A Result Of Its Mixed Financials?
Thu, 30 Sep 2021 18:20:48 +0000
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The World Economic Forum Welcomes Western Digital to Prestigious Global Lighthouse Network
Mon, 27 Sep 2021 12:00:00 +0000
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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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