A number of stocks collapsed this morning near the open. Among them was Western Digital Stock (WDC).
Western Digital Stock (WDC)
Yesterday Cowen raised its target on the stock to $105. Meanwhile other companies including Morgan Stanley are on the other side of the fence advising that “at present levels Western Digital Stock (WDC) is too expensive”. The stock is down this morning on the downgrade.
The stock fell early today to $81.21. So is this an opportunity or the start of another move lower?
Over the last 30 days, the lowest close was $78.45 on May 9. Over the last 90 days, the lowest close was $76.77 on May 2.
Let’s see what the Put Options Selling Tool Analysis has to say about the stock and how to setup trades to profit from the drop today.
This early morning trade includes the section Having A Plan.
The rest of this trade alert and ideas article is for FullyInformed Members.
Profiting From Today’s Western Digital Stock (WDC) Collapse – June 7 2018
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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