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After Yesterday's Rally of 1.01% Shares Could Potentially Pullback

By David Diaz

Western Digital (NASDAQ:WDC) traded in a range yesterday that spanned from a low of $103.12 to a high of $106.30. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $103.11 on volume of 3.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Western Digital share prices have been bracketed by a low of $41.64 and a high of $106.30 and are now at $103.71, 149% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 0.8%.

SmarTrend recommended that subscribers consider buying shares of Western Digital on February 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $85.73. Since that recommendation, shares of Western Digital have risen 20.0%. We continue to monitor WDC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders western digital

Ticker(s): WDC