Western Digital Corporation (WDC) Up 8% in Premarket TradingThe price of Western Digital Corporation (WDC) broke out of a symmetrical triangle amidst market condition surging nearly 10% on early premarket trading on Friday.
With the RSI at 66 NASDAQ:WDC seems to capitalize om the bullish symmetrical triangle formed on the daily price chart.
On another news, Western Digital (WDC), opens new tab forecast second-quarter earnings above Wall Street estimates on Thursday, betting on higher demand for its data storage products as cloud providers increase data center capacity.
The company also increased the quarterly cash dividend on its common stock by 25% to $0.125 per share, sending its shares up nearly 10% in extended trading.
About WDC
Western Digital Corporation develops, manufactures, and sells data storage devices and solutions based on hard disk drive (HDD) technology in the United States, Asia, Europe, the Middle East, and Africa. The company offers internal HDDs, data center drives, data center platforms, external drives, portable drives, NAS for home and office, and accessories. It sells its data storage devices and solutions through its computer manufacturers, sales personnel, dealers, distributors, and retailers.
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