Sandisk Offering Possible 12.61% Return Over the Next 33 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 12.61% return on risk over the next 33 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 $0.56 would be kept by the premium seller. The risk of $4.44 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 39.59 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 EPS could surpass $6 in 2014, says Pacific Crest
Fri, 15 Nov 2013 13:55:59 GMT
theflyonthewall.com – After meeting with SanDisk's management, Pacific Crest expects the company to benefit from the growth of SSDs. The firm is bullish on the outlook for NAND demand drivers and reiterates an Outperform rating …

Insiders Are Selling SanDisk
Wed, 13 Nov 2013 13:23:49 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:

Cash is king: Best cash rich stocks
Tue, 12 Nov 2013 18:22:00 GMT
CNBC – CNBC's Shelia Dharmarajan screened the S&P 500 for cash rich companies.

SanDisk Connect: Stream your favorites on the go
Fri, 08 Nov 2013 20:02:10 GMT
CNBC – The SanDisk Connect Wireless Flash Drive and SanDisk Connect Wireless Media Drive provide an easier way to stream and store content across smartphones and tablets, on the go. And no Internet is required….

Store, share & stream with SanDisk Connect
Fri, 08 Nov 2013 17:00:00 GMT
CNBC – SanDisk Connect flash drive allows users to wirelessly stream media without having an Internet connection. The device sells for $50 (16GB) and $60 (32GB). The SanDisk Connect Wireless Media Drive holds …

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