In a welcome move, Western Digital saw its Relative Strength Rating improve from 68 to 72 on Wednesday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an RS Rating of at least 80 as they launch their largest runs. See if Western Digital can continue to rebound and hit that benchmark.
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Western Digital is building a consolidation with a 74.11 entry. See if the stock can break out in volume at least 40% higher than normal.
Western Digital posted 0% earnings growth last quarter, while sales growth came in at 41%.
Western Digital holds the No. 2 rank among its peers in the Computer Software-Storage industry group. Pure Storage Cl A is the No. 1-ranked stock within the group.
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