Western Digital - Daily Trading Review

Posted on 12/11/2012 by Rich Singler

Share on StockTwits

NEW YORK (AVAFIN) -- WDC options demonstrated compelling call activity today. The number of call contracts significantly exceeded the number of put contracts during the last trading session. A low put/call ratio alert was raised on shares of Western Digital where a total of 5,445 put and 37,413 call contracts exchanged hands between traders.

The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.

Western Digital settled the day down $0.29 to $38.16 in the previous trading session. Today's trading range was between $37.67 and $38.82 respectively. On the volume side, 4M shares were traded, which is greater than the average volume of 3M shares. WDC is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $28.31 and 52 week high is $45.94. To date, the stock has gained 15.09% within the last week. The stock has a P/E ratio of 5.06 and a dividend yield of 0.65%.

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