SanDisk Corp. (SNDK)

[chmcnfunds]

SNDK

___________________________________________
Jan 18, 2012 (SmarTrend(R) News Watch via COMTEX) --

SanDisk (NASDAQ:SNDK) has opened bullishly above the pivot of $50.27 today and has reached the first level of resistance at $50.85. Should the shares continue to rise, the resistance pivots of $51.75 and $53.23 will be of interest.

Over the past year, SanDisk has traded in a range of $32.24 to $53.60 and is now at $51.54, 60% above that low. The 200-day and 50-day moving averages have moved 0.09% higher and 0.07% higher over the past week, respectively.

Potential upside of 16.6% exists for SanDisk, based on a current level of $51.54 and analysts' average consensus price target of $60.11. The stock should discover initial support at its 50-day moving average (MA) of $49.44 and subsequent support at its 200-day MA of $44.84.

SmarTrend is tracking the current trend status for SanDisk and will alert subscribers who have SNDK in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at [e-mail]
_______________________________________________________
http://news.tradingcharts.com/futures/7/4/171988547.html

SNDK