Sandisk (SNDK) Offering Possible 16.82% Return Over the Next 22 Calendar Days

Sandisk's most recent trend suggests a bearish bias. One trading opportunity on Sandisk is a Bear Call Spread using a strike $100.00 short call and a strike $105.00 long call offers a potential 16.82% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock rose above the $105.00 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 76.98 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

Why the Fusion-io acquisition strengthens SanDisk’s position
Tue, 02 Sep 2014 13:00:12 GMT

A must-read take on SanDisk’s acquisitions strategy
Mon, 01 Sep 2014 21:00:08 GMT

Why SanDisk is expanding its presence through joint ventures
Mon, 01 Sep 2014 17:00:10 GMT

Why SanDisk’s flash memory is changing the data storage space
Mon, 01 Sep 2014 13:00:18 GMT
Market Realist – Increased smartphone and tablet use, coupled with dependency on online cloud services and applications through these mobile devices for sharing data, has played an integral role in the growth of flash …

Smartphones and tablets drive SanDisk’s embedded device growth
Fri, 29 Aug 2014 21:00:21 GMT

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