"NAND flash prices are expected to increase by as much as 50 percent in the short term, which will eventually result in more expensive solid-state drives."
This week, WDC broke out above value for the month and is looking to target the next upside monthly VPOC at 59.69. Should the strength continue (and by the sounds of things it will), look for a higher target at the yearly VPOC at 68.65.
I like a stop inside of the developing value area.
Trade closed: target reached
⋅
The short term target of 59.69 was reached Thursday just ahead of earnings. There has been only a mild pullback since and will look for the next target up near 69
Comment
⋅
This trade is on fire now with the second VPOC now in play.