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Western Digital Rises 1.01% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

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.

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.

Over the past year, Western Digital has traded in a range of $41.64 to $106.30 and is now at $103.71, 149% above that low. The 200-day and 50-day moving averages have moved 1.26% lower and 0.83% lower over the past week, respectively.

Keywords: rebounders western digital

Ticker(s): WDC