Western Digital Corp. (NASDAQ:WDC) fell 2.08% to $472.25 in Thursday premarket trading as broader technology-sector selling weighed on shares. Nasdaq futures declined 0.83% and S&P 500 futures slipped 0.30%. The stock remains in a long-term uptrend, trading 25.7% above its 200-day simple moving average (SMA), which is $376.08, but it is 5.7% below its 50-day SMA of $501.40 and 7.1% below its 100-day SMA of $509.06. Its 20-day SMA is also below the 50-day SMA, a bearish crossover that can pressure rallies until the stock regains its intermediate-term averages. The relative strength index (RSI), a momentum gauge, is 50.34, indicating neutral conditions. Traders are watching resistance near $480 and support around $430.50 after the stock reached a 52-week high in June and a swing low in August. Western Digital has a Buy consensus rating and an average price forecast of $649.79. Citigroup maintained Buy but cut its forecast to $740 on Aug. 7; TD Cowen maintained Buy and raised its forecast to $540 on Aug. 6; and UBS maintained Neutral while lowering its forecast to $525 on Aug. 6. Benzinga Edge scores the stock 99.13 for Momentum, 96.44 for Quality, 99.74 for Growth and 5.52 for Value, indicating strong performance characteristics but a comparatively weak value profile. Western Digital is weighted 4.56% in the Alger Concentrated Equity ETF (NYSE:CNEQ), 4.37% in the Pacer US Large Cap Cash Cows Growth Leaders ETF (NASDAQ:COWG) and 4.45% in the Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF). Flows in those funds can add to buying or selling pressure in the shares.