Western Digital

  • WDC

  • $66.41

  • -4.99%

  • $69.90

  • $70.04

  • $64.99

Ticker Appearances

First Word
Mon, October 21, 2024 | 7:45AM ET
Tomlee
Tom Lee, CFA AC

Head of Research

Light macro week, but heavy 3Q24 EPS season. 112 cos report (>20% index) with 25 being Industrials. Stay on target.

VIDEO: We are entering the "heart" of earning season with 112 cos reporting this week, or >20% of S&P 500.  So far, this has been...

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Daily Technical Strategy
Thu, June 27, 2024 | 4:44PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Upticks - June 2024

UPTICKS - NEWTON'S LAW HEADS UP: THE TECHNICAL STRATEGY VIDEO WILL BE SENT OUT IN A SEPARATE EMAIL (POST) LATER TODAY. _(New Additions in Bold )_ UPTICKS...

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Daily Technical Strategy
Wed, March 20, 2024 | 8:25PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Upticks - March 2024

DAILY TECHNICAL STRATEGY VIDEO (3/20/24) UPTICKS - NEWTON'S LAW _(New Additions in Bold) _ Souce: Fundstrat, Bloomberg 4 NEW ADDITIONSMSTR -5.52%  - MicroStrategy...

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Fri, March 1, 2024 | 4:02PM ET

⚡ FlashInsights

Fri, March 1, 2024 | 4:02PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
WDC -4.99%  Western Digital finally starting to show some acceleration, and today's +7.8% gains make this the 3rd best performer of the SPX behind NTAP and COO. As can be seen, its lengthy downtrend was exceeded last month on the breakout above $53.25 and following just brief consolidation, this has begun to trend back higher sharply. Today's surge on ~37million shares should constitute the highest volume of the week as WDC has hit new 52-week highs on a big increase in volume of the $60 call options. This represents the biggest jump for this stock in four months and likely can lead WDC back to test prior peaks from 2021 which showed a top just below $77. Overall, stocks like WDC which remain well off all-time highs but have just hit new 52-week highs on heavy volume and improved momentum are attractive technically, and as discussed in last month's UPTICKS report, a breakout above a meaningful downtrend can sometimes prove to be a signal for upward mean reversion as momentum starts to kick into gear. Overall, WDC should test 2021 peaks in the high $70s before much consolidation, and it's right to consider this technically appealing on today's move, and that Friday's surge can lead to further upside follow-through.
Tickers

First to Market
Tue, January 30, 2024 | 7:57AM ET
Group135
FS Insight Team

The Red and the Black*

A daily market update from FS Insight — what you need to know ahead of opening bell “After moral poisoning, one requires physical remedies and...

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