SanDisk (SNDK) demonstrates exceptional price momentum, achieving a 2,640.57% gain over the past year.
Shares are trading at a new all-time high.
SNDK maintains a 100% “Buy” technical opinion from Barchart.
Given extreme volatility, position sizing and risk management should rely on the 100-day moving average rather than tight stop losses.
Valued at $125.72 billion, SanDisk (SNDK) develops, manufactures, and sells data storage devices that use NAND flash technology. The company offers solid-state devices for desktop and notebook PCs, gaming consoles, and set top boxes; and flash-based embedded storage products for mobile phones. It sells products to computer manufacturers, original equipment manufacturers, data centers, private cloud customers, and cloud service providers.
I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. SNDK checks those boxes. The Trend Seeker issued a new “Buy” signal on April 6. Since then, the stock has gained 17.55%.
Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.
SanDisk scored an all-time high of $873.95 on April 10.
SanDisk has a Weighted Alpha of +1,604.82.
SNDK has a 100% “Buy” opinion from Barchart.
The stock has gained 2,640.57% over the past 52 weeks.
SanDisk has its Trend Seeker “Buy” signal intact.
The stock recently traded at $851.77 with a 50-day moving average of $648.12.
SNDK has made 10 new highs and gained 37.63% over the past month.
Relative Strength Index (RSI) is at 68.29.
There’s a technical support level around $833.38.