On November 25, 2015, we posted the following SRL for Western Digital (WDC):
Implied in the posting is that WDC would decline, at minimum, to the $49.70 level with the potential of going all the way to the $37.45 level. Falling below the extreme downside target ($37.45) is where we always recommended consideration of the fundamentals of a stock for a potential purchase. Below is the updated price action for WDC.
Much of the price action of WDC has conformed to the SRL which, from our experience, has been amazing in calling downside targets. The current price action suggests considerable weakness in the stock if WDC cannot maintain the ascending $61.16 level.