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What Makes Western Digital (WDC) a Strong Momentum Stock: Buy Now?
ZACKSยท 2025-08-11 17:01
Company Overview - Western Digital (WDC) currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4] Price Performance - WDC shares have increased by 11.23% over the past week, while the Zacks Computer-Storage Devices industry has decreased by 3.66% during the same period [6] - Over the last month, WDC's price change is 13.35%, significantly outperforming the industry's 0.89% [6] - In the last quarter, WDC shares have risen by 49.97%, and over the past year, they have gained 25.62%, compared to the S&P 500's increases of 13.18% and 21.49%, respectively [7] Trading Volume - The average 20-day trading volume for WDC is 7,489,715 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, five earnings estimates for WDC have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $5.70 to $6.50 [10] - For the next fiscal year, one estimate has moved upwards, with no downward revisions noted [10] Conclusion - Given the strong price performance, positive earnings outlook, and high momentum score, WDC is positioned as a promising investment opportunity [12]