Sandisk Offering Possible 6.61% Return Over the Next 18 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $72.50 short call and a strike $77.50 long call offers a potential 6.61% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $0.31 would be kept by the premium seller. The risk of $4.69 would be incurred if the stock rose above the $77.50 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 below 20 which suggests that the stock is in oversold territory.

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 CFO TO PRESENT AT THE GOLDMAN SACHS TECHNOLOGY CONFERENCE FEBRUARY 11
Tue, 04 Feb 2014 14:10:26 GMT
noodls – SanDisk Corporation 951 SanDisk Drive Milpitas, CA 95035-7932 Phone: 408-801-1000 NEWS RELEASE SANDISK CFO TO PRESENT AT THE GOLDMAN SACHS TECHNOLOGY CONFERENCE FEBRUARY 11 MILPITAS, Calif., Feb. 4, 2014 …

SANDISK CFO TO PRESENT AT THE GOLDMAN SACHS TECHNOLOGY CONFERENCE FEBRUARY 11
Tue, 04 Feb 2014 14:04:01 GMT
Thomson Reuters ONE – SanDisk Corporation 951 SanDisk Drive Milpitas, CA 95035-7932 Phone: 408-801-1000 NEWS RELEASE SANDISK CFO TO PRESENT AT THE GOLDMAN SACHS TECHNOLOGY CONFERENCE FEBRUARY 11 MILPITAS, Calif., …

2013 Semiconductor Sales Notch All-Time Sales Record
Mon, 03 Feb 2014 21:37:56 GMT
Motley Fool – Buoyed by good showings from companies such as SanDisk and Texas Instruments, worldwide semiconductor sales top the annual $300 billion mark for the first time.

SanDisk: 4 Different Insiders Have Sold Shares This Year
Mon, 03 Feb 2014 20:45:46 GMT
Seeking Alpha – In this article, I will feature one tech stock that has seen intensive insider selling during the last 30 days. Intensive insider selling can be defined by the following three criteria:

Why SanDisk Corporation Is a Solid Buy
Wed, 29 Jan 2014 21:00:40 GMT
Motley Fool – This chipmaker has no dearth of opportunity going forward. Are you watching?

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