Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 25% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $52.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Sandisk is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Sandisk is bullish.
The RSI indicator is at 75.57 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
This stock-chart level keeps tripping up the tech-heavy Nasdaq
Wed, 14 Oct 2015 11:11:53 GMT
SanDisk: diminishing returns
Wed, 14 Oct 2015 10:33:00 GMT
Financial Times – The last time the computer memory industry had consolidated, everybody made piles of money. In 2012, Micron bought Elpida, capping a process that brought the number of big competitors in D-Ram and Nand …
U.S. stock futures little changed as investors await earnings, retail sales
Wed, 14 Oct 2015 09:56:11 GMT
‘Fast Money' Recap: Investors Can Cash In on Chip Sector Mergers
Wed, 14 Oct 2015 09:00:00 GMT
SanDisk Mulls Sale As Chip Merger Pressure Builds
Wed, 14 Oct 2015 03:14:00 GMT
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