WDC Tests 52-Week High After Momentum Surge
$Western Digital(WDC)$
WDC Rallied +8.96%: Nearing 52-Week High, Bullish Momentum Confirmed
Latest Close Data:
WDC closed at $187.70 on 2026-01-05, surging +8.96% ($15.43). The price is now just $1.07 away from its 52-week high of $188.77.
Core Market Drivers:
The powerful rally is primarily driven by a broad-based recovery in the semiconductor and data storage sector.
Strong institutional capital inflow and positive sentiment around the company's forward earnings trajectory are fueling the momentum.
Technical Analysis:
Volume surged to 6.8M shares, significantly above average with a Volume Ratio of 1.71, confirming strong buying interest.
The 6-day RSI jumped to 67.22, indicating robust bullish momentum without being overbought.
The MACD histogram improved to -0.997, showing DIF (6.006) is converging with DEA (6.505), suggesting a potential bullish crossover.
Key Price Levels:
Primary Support: $180.53 (Recent consolidation base)
Immediate Pivot/Resistance: $188.53 - $188.77 (52-week high zone)
Strong Resistance: $190.00 (Psychological & post-market high)
Valuation Perspective:
Forward P/E stands at 24.43, which is significantly above its historical average of -9.68, reflecting high growth expectations and a premium valuation in the current cycle.
Analyst Targets:
24 analysts have an average price target of $184.04, with a high of $250.00. Sentiment is strongly bullish, with 5 Strong Buy and 18 Buy ratings versus 5 Hold.
Weekly Outlook:
The stock is in a strong uptrend, testing the key 52-week high resistance.
A successful breakout above $188.77 could target the $195-$200 range in the near term. Expect consolidation or a pullback to the $180-$183 support zone if resistance holds.
Risk Disclaimer:
This analysis is for informational purposes only and not financial advice. Trading involves risk, including the potential loss of principal. Past performance is not indicative of future results. Conduct your own research before making any investment decisions.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
