Investor Alert: $WDC Nears Fibonacci Retrace Sell Level

Shares of Western Digital Corp (NASDAQ:WDC) are nearing a pivot resistance level as well as a 50% Fibonacci retrace at the price of $75.00. The stock is currently trading at $71.86. This implies Western Digital still has a little more upside before it becomes a strong sell. Investors who are long the stock should consider selling while investors looking for a great short trade opportunity, should consider initiating a short position.

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