When (WDC) Moves Investors should Listen
June 08, 2024, 13:40 pm ET, BY Jake B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WDC
- Buy WDC slightly over 71.25 target 77.82 stop loss @ 71.04 Details
The technical summary data tells us to buy WDC near 71.25 with an upside target of 77.82. This data also tells us to set a stop loss @ 71.04 to protect against excessive loss in case the stock begins to move against the trade. 71.25 is the first level of support below 74.98 , and by rule, any test of support is a buy signal. In this case, support 71.25 is being tested, a buy signal would exist.
- Short WDC slightly under 77.82, target 71.25, stop loss @ 78.04 Details
The technical summary data is suggesting a short of WDC as it gets near 77.82 with a downside target of 71.25. We should have a stop loss in place at 78.04though. 77.82 is the first level of resistance above 74.98, and by rule, any test of resistance is a short signal. In this case, if resistance 77.82 is being tested, a short signal would exist.
Swing Trading Plans for WDC
- Buy WDC slightly over 76.9, target 77.82, Stop Loss @ 76.68 Details
If 76.9 begins to break higher, the technical summary data tells us to buy WDC just slightly over 76.9, with an upside target of 77.82. The data also tells us to set a stop loss @ 76.68 in case the stock turns against the trade. 76.9 is the first level of resistance above 74.98, and by rule, any break above resistance is a buy signal. In this case, 76.9, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WDC slightly near 76.9, target 74.35, Stop Loss @ 77.12. Details
The technical summary data is suggesting a short of WDC if it tests 76.9 with a downside target of 74.35. We should have a stop loss in place at 77.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 76.9, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for WDC
- Buy WDC slightly over 75.05, target 76.95, Stop Loss @ 74.87 Details
If 75.05 begins to break higher, the technical summary data tells us to buy WDC just slightly over 75.05, with an upside target of 76.95. The data also tells us to set a stop loss @ 74.87 in case the stock turns against the trade. 75.05 is the first level of resistance above 74.98, and by rule, any break above resistance is a buy signal. In this case, 75.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WDC slightly near 75.05, target 74.35, Stop Loss @ 75.23. Details
The technical summary data is suggesting a short of WDC if it tests 75.05 with a downside target of 74.35. We should have a stop loss in place at 75.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 75.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Western Digital Corporation (WDC) available here: WDC.
WDC Ratings for June 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
64.86 |
| P2 |
75.05 |
74.35 |
71.25 |
| P3 |
76.95 |
76.9 |
77.82 |
AI Generated Signals for WDC
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Western Digital Corporation (NYSE: WDC) report below is a real world example. Included are trading plans for WDC, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for WDC:
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