WDC Jumps Nearly 6%, Tests Key $213 Resistance

$Western Digital(WDC)$

WDC Surged +5.83%: Momentum Builds as Stock Tests $213 Resistance

Latest Close Data

Closed at $212.14 on 2026-01-13, up +5.83% ($11.68). The stock is now just $9.09 (4.1%) from its 52-week high of $221.23.

Core Market Drivers

Strong price action was supported by positive net capital inflow of ~$57 million for the day, indicating institutional buying interest.

The broader semiconductor sector remains buoyant on AI and data center demand tailwinds.

Technical Analysis

Volume of 7.47M shares was moderate (Volume Ratio 0.59).
The MACD (DIF: 10.39, DEA: 8.55, MACD: 3.66) shows a strengthening bullish crossover and expanding histogram.
The 6-day RSI at 65.83 is approaching overbought territory but confirms strong short-term momentum.

Key Price Levels

Primary Support: $180.94 (Previous swing low & consolidation zone).
Strong Resistance: $212.94 / $213.43 (Immediate prior high & today's intraday high).
Immediate Pivot: $200.46 (Yesterday's close, now acting as support).

Valuation Perspective

Forward P/E of 27.44 is significantly above its historical average of -9.60, reflecting high growth expectations post-profitability turnaround. P/S of 7.16 also indicates a premium valuation.

Analyst Targets

24 analysts have an average price target of $187.25 (below current price). Sentiment is bullish with 5 Strong Buy, 18 Buy, and 5 Hold ratings.

Weekly Outlook

Expect consolidation near the $213 resistance. A confirmed breakout could target the 52-week high at $221.23.

Failure to break higher may see a pullback to test support near $200. Watch for volume confirmation on any directional move.

Risk Disclaimer

This analysis is for informational purposes only and not financial advice. Past performance is not indicative of future results. Investing involves risk, including the potential loss of principal. Conduct your own research before making any investment decisions.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.