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SANDISK CORP
(SNDK-Nasdaq):
Technical Viewpoint: From a low
of $42.25 on May 1, 2007 prices
rallied, reaching a
high of $45.48
on May 3, 2007. A
decline saw prices pull back, reaching a
low of
$41.50 on Jun 18, 2007.
Another rally saw prices penetrate
resistance, closing 6/15/07
at $46.40. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jun 11, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $42.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 11, 2007. A P&F upside
reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! SANDISK CORP
(SNDK-Nasdaq) @ $46.50 Stop: Use a protective stop of $44.50.
SANDISK CORP is currently trading @ $46.40 plus $1.42 on Jun 15, 2007. Price Objective:
$59.50. Risk/Reward: $2.00 VS. $13.00. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$59.50
Risk/Reward:
$2.00 VS. $13.00
Risk/Reward Ratio:
6:1
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