Articles tagged with WDC

We keep a Strong Earnings ChartList (SECL) for a reason. It organizes a list of companies showing strong fundamentals (better-than-expected revenues and EPS) and strong technicals. One issue, however, is that many of these stocks move higher, because of these strong reports, and then it's up to us to show the patience and discipline necessary to take advantage of short-term pullbacks. Chasing stocks after big moves can be extremely costly, so we try our best to resist that temptation. One stock that fits this scenario, in my opinion, is Western Digital Corp (WDC). It had a big two-week run in late February to early March as you can see below:...keep reading

I love these trades. Western Digital (WDC) reported earnings on Monday, January 22nd, easily surpassing both revenue and EPS estimates. Revenues came in at $3.03 billion (actual) vs. $2.99 billion (estimate). Meanwhile, WDC posted a loss, but one that was considerably less than expected. Actual EPS was -0.69, while Wall Street was looking for -1.33. The market reaction? A small decline of roughly 2.5% at the opening bell, but since then, WDC has fallen a bit further to test key closing price and gap support at 57.00. Thursday's intraday low in the first hour of trading touched 56.59, but a rally over the balance of the day saw WDC finish at 57.40, above key support. Check out the chart:...keep reading