Sandisk (SNDK) Offering Possible 19.62% Return Over the Next 32 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $80.00 short call and a strike $85.00 long call offers a potential 19.62% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $80.00 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 $85.00 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 38.46 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

Red Hot SanDisk Set To Beat Wall Street Forecasts Again
Tue, 15 Apr 2014 22:57:15 GMT
Seeking Alpha – SanDisk Corp. ( SNDK ) is set to report FQ1 2014 earnings after the market closes on Wednesday, April 16th. Many tech stocks including SanDisk have sold off heavily in the past few weeks. But the computer …

Enterprise Storage To Drive SanDisk's First Quarter Performance
Tue, 15 Apr 2014 21:10:38 GMT

Can SanDisk Beat Estimates Again?
Tue, 15 Apr 2014 18:02:08 GMT

SanDisk Profits From Rise In Enterprise Flash Usage
Tue, 15 Apr 2014 16:48:00 GMT
Investor's Business Daily – Data storage chipmaker SanDisk (SNDK) is seen benefiting from a flourishing new era for NAND flash technology, which is spreading from consumer devices to enterprise IT systems. The Milpitas, Calif.-based …

Tech Yeah! Greatness of graphene
Mon, 14 Apr 2014 16:00:00 GMT

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