Two weeks ago on January 23rd, 2013 Western Digital (NYSE:WDC) reported earnings and analysts, on average, expected earnings of $1.82 on sales of $3.7 billion. The company actually reported EPS of $2.09 on sales of $3.8 billion, beating EPS estimates by $0.27 and beating revenue estimates by $173.6 million. Since the company's report, shares of Western Digital have risen from $47.07 to $48.49, representing a gain of 3.0% in the past 17 days.
Western Digital share prices have moved between a 52-week high of $49.50 and a 52-week low of $28.31 and closed Thursday at 71% above that low price at $48.49 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.1% while the 200-day MA has risen 0.4%.
Western Digital (NYSE:WDC) is currently priced 0.8% above its average consensus analyst price target of $48.08. The stock should discover initial support at its 50-day moving average (MA) of $42.32 and subsequent support at its 200-day MA of $38.13.
Western Digital Corporation designs and manufactures hard drives for desktop computers and home entertainment applications.