55 day moving averaverage is trending down, indicating price weakness. 20 week MA has just lost its support.This is consistent with the current market conditions, which is in a sell-off that would probably transform into correction lasting more than 1 month. I do fear WDC to fall significantly in the near term as it is relative more expensive than its peers, but quality should justified the premium. Expecting a rebound to above 12. I value it at $13.
__________price is what you pay, value is what you get.
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