Sandisk (SNDK) Offering Possible 19.62% Return Over the Next 16 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $94.00 short call and a strike $99.00 long call offers a potential 19.62% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $94.00 by expiration. The full premium credit of $0.82 would be kept by the premium seller. The risk of $4.18 would be incurred if the stock rose above the $99.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Sandisk is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Sandisk is bearish.

The RSI indicator is at 23.44 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Sandisk

SANDISK CORP Files SEC form 10-Q, Quarterly Report
Thu, 31 Jul 2014 21:31:14 GMT

Samsung sneezes, Micron Technology catches cold
Thu, 31 Jul 2014 20:36:00 GMT

Micron's memory issues
Thu, 31 Jul 2014 16:18:00 GMT
CNBC – Alex Guana, JMP Securities senior analyst, thinks Micron's stock is experiencing a blip in the market today. CNBC's Herb Greenberg, weighs in.

Cramer's Mad Dash: DDD will bounce
Thu, 31 Jul 2014 13:28:00 GMT

Is SanDisk's Recent Drop a Buying Opportunity?
Fri, 25 Jul 2014 09:26:37 GMT
Motley Fool – SanDisk's weak outlook led to a crash. Can it bounce back?

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