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Barchart
Wajeeh Khan

Western Digital Stock Is in Overbought Territory Ahead of Earnings. Is It Still Worth a Buy After Seagate’s Blowout?

Western Digital (WDC) shares extended gains on Wednesday after peer Seagate Technology (STX) issued an exceptional Q2 and upbeat guidance for the future. 

The rally pushed WDC’s relative strength index (14-day) to the 78 level, indicating overbought conditions that often precede a sharp pullback. 

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