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.
Wdcshort
WDC WESTERN DIGITAL CORP 68.02% upside potential I have 45 Western Digital hard drives without any issues in many years. In my opinion Western Digital is the best affordable storage devices company.
8/6/2020 Morgan Stanley Lower Price Target Overweight $63.00 ➝ $58.50
8/6/2020 Wells Fargo & Co Lower Price Target Overweight $60.00 ➝ $55.00
8/6/2020 Bank of America Lower Price Target Buy $61.00 ➝ $52.00
8/6/2020 Robert W. Baird Lower Price Target Outperform $75.00 ➝ $50.00
Market Cap$11.02 billion
Annual Sales$16.74 billion
Net Income$-250,000,000
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Western Digital.. Reversing Trend after $50? Short of the Year?Ok looking at the monthly where this is sitting at could definitely have some massive gains for the next WHILE. I personally think this may rally to $50, but after that if it can't hold this could completely break under and once it does... oh boy you could see a downtrend for .. well a while.
Let me know your thoughts. This will be a long LASTING trade .. I am not long except for this potential rally. Trade position assuming it does drop out the bottom sooner than expected. IF it doesn't rally a short could be in play extremely soon.
WDC Approaching Support, Potential Bounce! WDC is approaching our first support at 28.27 (horizontal swing low support, 100% fibonacci extension, 76.4% fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 47.52 (horizontal swing high resistance, 23.6% fiboancci retracement, 61.8% fibonacci extension).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price.




