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Western Digital (WDC) Showing Bearish Technicals With Resistance At $99.18

Mar 08, 2018 ( via COMTEX) --

Western Digital (<a href="">WDC</a>) closed Mar 7, 2018 at $95.26 and technical indicators recently have been bearish. Those factors were considered when the patented option-trade picking algorithm that powers's Artificial Intelligence Center identified an attractive trading opportunity in Western Digital for today. For a conservative trade, look at a covered call using the Apr 20, 2018 $95 call for a $30.50 net debit. This trade has an assigned return of 4.14% but the downside protection increases to 4.25%. Standard & PooraEUR(TM)s has a 4 STARS (out of 5) buy ranking and a 12-month target price of $105 on Western Digital. Over the last 52 weeks the stock has traded between $71.38 and $96.94.A

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