Western Digital retreats 29 cents from 2 months high

After having closed Thursday at $37.85, the manufacturer and provider of data storage devices rallied above $40 yesterday, for the first time in 2 months — gaining $1.86 — and closed at $39.71.

On the flip side, highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

At the same time, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

A look at other technology stocks also showed bullish price action as Intel was up 5.84%. Qualcomm traded at $110.35 after closing yesterday's trading day at $104 (up 6.09%). Accenture plc Class A (Ireland) added 4.06% to its value, and traded at $303.6.

The stock has been trending positively for about a month. Having set a significant high of $62.25 a year ago, the data storage devices manufacturer is trading 39.2% lower.