WDC Breaks 52-Week High—$200 Target in Play
$Western Digital(WDC)$
Western Digital Corp. (WDC) Surged +7.32%: Storage Giant Breaks New 52-Week High, $200 Target Zone Activated
Latest Close Data
WDC closed at $181.95 on December 11, up +7.32% (+$12.41), hitting a new 52-week high of $182.47.
The stock has gained over 531% from its 52-week low of $28.83, demonstrating exceptional momentum.
Core Market Drivers
Strong institutional buying momentum drove WDC to breakout territory, with net inflows of $46M supporting the rally.
AI and data center storage demand continues boosting sector confidence.
The company's transformation into a pure-play storage leader attracts premium valuations.
Technical Analysis
Volume surged 48% above average (7.97M shares), confirming breakout strength.
RSI(6) reached 81.19, indicating overbought conditions but strong momentum.
MACD generated a bullish crossover with DIF at 7.66 above DEA at 6.54, signaling continued upside potential.
KDJ shows K-line at 88.18, confirming strong buying pressure.
Key Price Levels
Primary Support: $169.54 (previous close)
Strong Resistance: $185.00 (psychological level)
Immediate Pivot: $175.00 (mid-range support)
Valuation Perspective
Current P/E TTM of 26.38x appears reasonable given the storage sector's growth prospects.
P/S ratio of 6.14x reflects premium valuation for transformed business model. ROE of 29.71% demonstrates exceptional profitability.
Analyst Targets
24 analysts maintain bullish outlook with average target of $178.75 (already exceeded). 5 Strong Buy, 18 Buy, 5 Hold ratings reflect institutional confidence.
Highest target reaches $250, suggesting significant upside potential.
Weekly Outlook
Expect consolidation between $175-$185 as momentum indicators cool. Break above $185 targets $200 zone. RSI divergence watch required given overbought conditions.
Risk Disclaimer
This analysis is for informational purposes only. Past performance doesn't guarantee future results. Please consult financial advisors before making investment decisions.
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