Sandisk Offering Possible 10.38% Return Over the Next 24 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 10.38% return on risk over the next 24 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 $0.47 would be kept by the premium seller. The risk of $4.53 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 at 28.56 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Sandisk

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?

SanDisk Earnings Dominate, So What Gives?
Mon, 27 Jan 2014 19:30:28 GMT
Motley Fool – With strong growth on all fronts and beating analyst estimates, SanDisk should have seen its stock price going green. Instead, the market hesitated. Is there a reason?

Stocks: How Big a Problem are Earnings?
Mon, 27 Jan 2014 19:23:00 GMT
Barrons.com – With earnings season in full swing–and bellwethers like Microsoft (MSFT), Bank of America (BAC) and JPMorgan Chase (JPM) already reporting–its clear that earnings are still growing–just not as fast …

3 SanDisk Corp. Quotes Investors Should Hear
Sun, 26 Jan 2014 17:02:03 GMT
Motley Fool – Some key insights from SanDisk's fourth-quarter conference call.

SanDisk May Be Undervalued
Sat, 25 Jan 2014 10:15:04 GMT
Seeking Alpha – SanDisk Corp. ( SNDK ) reported solid fourth-quarter results with mid-single digit sequential revenue growth. This came on the back of strong solid-state drive sales and strong demand from the retail channel …

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