Market Overview

Western Digital Gets A Boost From Micron's Beat

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Western Digital Corp (NASDAQ: WDC) shares are trading higher by $2.63 at $78.82 in Friday's session.

Many issues in the semiconductor sector are getting a boost from the better-than-expected Q4 report from Micron (NYSE: MU). Those shares are trading higher by $2.35 at $28.82.

After a higher open, Western Digital's stock continued in that direction until it peaked at $81.10 and reversed course. That high is just shy of its recent high for move that was made on January 24, when it reached $81.64, which was an 18-month high.

The ensuing decline has taken the issue beyond its opening price of $79.68, but has come nowhere near the top of Thursday's range, which is down at $76.29.

Posted-In: Technicals Intraday Update Movers Trading Ideas

 

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