Western Digital (WDC) Offering Possible 21.07% Return Over the Next 9 Calendar Days

view original post

Western Digital’s most recent trend suggests a bearish bias. One trading opportunity on Western Digital is a Bear Call Spread using a strike $67.00 short call and a strike $72.00 long call offers a potential 21.07% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.00 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock rose above the $72.00 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 77.05 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

Western Digital to Announce Second Quarter Fiscal 2022 Financial Results on January 27, 2022
Tue, 11 Jan 2022 00:00:00 +0000
SAN JOSE, Calif., January 11, 2022–Western Digital Corp. (NASDAQ: WDC) plans to announce its second quarter fiscal year 2022 financial results after the market closes on Thursday, January 27, 2022. The investment community conference call to discuss these results will be held that day at 1:30 p.m. Pacific / 4:30 p.m. Eastern. The live audio webcast and a webcast replay of the conference call will be available at investor.wdc.com.

Western Digital Stock Shows Rising Relative Strength; Still Shy Of Key Threshold
Mon, 10 Jan 2022 19:34:00 +0000
A Relative Strength Rating upgrade for Western Digital shows improving technical performance. Will it continue?

Why Western Digital Rose Another 12.7% in December
Thu, 06 Jan 2022 12:07:00 +0000
Western Digital received a debt-rating upgrade and benefited from a lockdown in China that could limit NAND supply from rivals.

Western Digital (WDC) Stock Moves -0.83%: What You Should Know
Wed, 05 Jan 2022 23:00:11 +0000
Western Digital (WDC) closed at $67.06 in the latest trading session, marking a -0.83% move from the prior day.

Western Digital Stock Gets Relative Strength Rating Upgrade
Wed, 05 Jan 2022 19:39:00 +0000
Western Digital shows rising price performance, earning an upgrade to its IBD Relative Strength Rating

Be Sociable, Share!

Related Posts