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High Expectations for Western Digital and Seagate in Fiscal 4Q17

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Part 6
High Expectations for Western Digital and Seagate in Fiscal 4Q17 PART 6 OF 7

Where Western Digital Is Trading Compared to Moving Averages in July

WDC’s moving averages

On July 12, 2017, Western Digital (WDC) closed the trading day at $94.13. Based on that figure, here’s how the stock fared in terms of its moving averages:

  • 2% above its 100-day moving average of $84.63
  • 4% above its 50-day moving average of $89.29
  • 5% above its 20-day moving average of $89.60

Where Western Digital Is Trading Compared to Moving Averages in July

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MACD and RSI

Western Digital’s 14-day MACD (moving average convergence divergence) is 0.17. A positive MACD figure indicates an upward trading trend. MACD measures the difference between a stock’s long-term and short-term moving averages.

WDC’s RSI (relative strength index) is 56, indicating that the stock is somewhat overbought. If a stock’s RSI is above 70, it indicates that a stock has been overbought, while an RSI below 30 suggests that a stock has been oversold.

Analyst recommendations

Of the 32 analysts that cover Western Digital (WDC) stock, 25 recommend a “buy,” and seven recommend a “hold.” There are no “sell” recommendations. The analysts’ average 12-month price target on the stock is $112.81, with a median price target of $117.00. WDC is trading at a 24% discount to median target estimates.

Notably, peer storage firms IBM (IBM), Seagate (STX), and NetApp (NTAP) are trading at discounts of 7.3%, 13.3%, and 8.2%, respectively, to their average analyst price target estimates.

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