Upgrade Alert for Western Digital (WDC)
Western Digital (NYSE:WDC) was upgraded from Equal Weight to Overweight at Barclays Capital today. The stock closed yesterday at $44.15 on volume of 8.5 million shares, above average daily volume of 6.6 million.
Western Digital (NYSE:WDC) has potential upside of 116.9% based on a current price of $44.15 and analysts' consensus price target of $95.77. Western Digital shares should first meet resistance at the 50-day moving average (MA) of $45.22 and find additional resistance at the 200-day MA of $61.37.
Western Digital Corporation designs and manufactures hard drives for desktop computers and home entertainment applications.
Western Digital share prices have moved between a 52-week high of $99.93 and a 52-week low of $34.99 and closed yesterday at 26% above that low price at $44.15 per share. The 200-day and 50-day moving averages have moved 1.26% lower and 0.83% lower over the past week, respectively.
SmarTrend is monitoring the recent change of momentum in Western Digital. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Western Digital in search of a potential trend change.
Keywords: analyst upgrades/downgrades western digital