Western Digital drops below stop price

The share price for Western Digital (WDC) has dropped below its stop price of $92, closing at $91.01 yesterday so we are removing it from the Investments Portfolio for the time being. However, we still like the company from a long term perspective so if you have a large capital gain in it then you may want to hang on to it if you can live with what will most likely be mediocre price performance in the near term before it resumes its upward trajectory. We sold WDC out of this portfolio last August, then issued a new buy recommendation in October during the “Ebola correction” but the stock never get down to our buy price so it has been on hold ever since.

Stock Talk

Add New Comments

You must be logged in to post to Stock Talk OR create an account