Western Digital rallies to YTD highs as traders position ahead of earnings
$Western Digital(WDC)$
$141.38 (+13.18%): Breakout to new YTD highs on heavy volume; momentum leadership intact
Market Recap (as of Oct 29, 2025):
Western Digital jumped +13.18% to $141.38, extending the Sep–Oct advance to fresh YTD highs.
Volume ~10.69M vs 7.51M avg (~1.4×), confirming institutional accumulation and a decisive trend extension.
Technical Indicators Analysis:
RSI(14) ~70 (strong but not extreme). MACD lines are above zero with an expanding histogram—momentum accelerating.
Base case (1–3 weeks): trend-up with buy-the-dip behavior unless a high-volume bearish reversal prints.
Support / Resistance: Support: $108/$120.0 Resistance: $145.0–$150.0
Valuation and Target Range:
TTM P/E ~26×, beta ~1.75, forward dividend ~0.37%. Near-term trading map: hold $118–120 → aim $145–150; a daily close below $105–108 signals momentum downgrade toward the high-$90s.
News:
Western Digital (WDC) will report earnings after market close tomorrow, with analysts expecting a 23.9% revenue increase to $2.74 billion and adjusted earnings of $1.58 per share.
Risk Statement:
Storage pricing cycle, hyperscaler CapEx timing, and earnings/guidance surprises can overwhelm technicals. This is technical commentary only—use strict risk controls.
Data Source: Yahoo Finance & TradingView (daily chart, Oct 29, 2025). Prepared by Tiger Morning Brief | For internal use only.
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