Western Digital Is Showing Independent Strength -- Use It to Your Advantage

We recently reviewed Western Digital Corp. (WDC) , and gave a strategy that allowed for two outcomes: "If you are bullish on WDC, I would look to buy strength above $91 and $95 but if you think WDC is vulnerable I would wait for a close below $80 before taking action." Let's see if a few more days of trading can sharpen our outlook.

In this updated daily bar chart of WDC, below, we can see that prices have moved up toward our $91 "trigger" level noted above. This strength looks like it will follow through on the upside. Prices are above the flat 50-day moving average line and above the rising 200-day line following a number of successful tests of the line in recent weeks....148 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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