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Western Digital Corporation (WDC) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Electronic Components
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 18 Aug 2017NoneBullish EngulfingTue, 08 Aug 20172.29%
***Stock database and scans are updated around midnight (New York time) every trading day.
83.20 0.00 (0%) Aug 18 4:00pm EDT
Open: 82.46 Range: 81.55 - 83.99 Vol: 3M Avg Vol: 4.2M
EPS: 1.34 P/E ratio: 62.09 EBITDA: 4.40B Mkt Cap: 24.29B
Analyze "WDC" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 83.64
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 84.98
Last Trade is below the 50 day moving average at 88.30
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 79.15
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of WDC

Stock Trend Analysis - Buy, Sell or Hold "Western Digital Corporation" (WDC)?

WDC is in a very strong uptrend. In the last 52 weeks, WDC has been trading above the 200 day moving average for 92% of the time with an average daily volume of 4.2M shares being traded. The 50 day moving average, currently at 88.30, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. WDC was only able to maintain above the 20 SMA for 47.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in WDC is near the 200 SMA currently at 79.15. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "WDC".

The analyst consensus estimates for the 1 year price target for this stock is $114.67* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 18 Aug 2017
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