Yesterday WDC shares scored a new FusionIQ short squeeze as well as a break out.  The stock traded up on over 2.6 times its 21-day average volume as its near 11.00 percent short to float percentage caused a price squeeze.   The breakout comes on the heels of Western Digital presenting at the Robert W. Baird Growth Conference.  The short term point and figure target for WDC is $ 40.00, however we are more aligned with the notion that today’s significant price breakout more closely aligns with some of the higher fundamentally derived targets on the street such as $ 46.00 at Thomas Weisel Partners and $ 44.00 at Needham and Co.