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Trading Idea - Western Digital Breaking Out?
Published on Sunday, 05 February 2012 16:40 Written by TradersHuddle Staff
New York, February 5th (TradersHuddle.com) - Shares of Western Digital Corporation (NYSE:WDC) closed the trading session at $38.58 just above calculated resistance at $38.50 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range
Western Digital Corporation (NYSE:WDC) designs and manufactures hard drives for desktop computers and home entertainment applications.
Western Digital's stock was trading in a well defined range with support at $30.49 and resistance at $38.50, given that this range was broken traders will be closely monitoring the stock
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Related Partner Headlines
- Western Digital Corporation (WDC): Today's Featured Technology Loser - TheStreet.com
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- Citigroup Maintains Buy on Western Digital After 10-Q Filing - Benzinga
- UPDATE: FBN Securities Raises Western Digital's PT - Benzinga
- Western Digital Shares Tank Thanks to Poor Outlook - Benzinga
- UPDATE: Bank of America Downgrades Western Digital; Lowers PO - Benzinga
- Western Digital Reaches New 52-Week High (WDC) - TheStreet.com
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