Sandisk's most recent trend suggests a bullish bias. One trading opportunity on Sandisk is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 33.33% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $1.25 would be kept by the premium seller. The risk of $3.75 would be incurred if the stock dropped below the $95.00 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 40.72 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
Chip Stock Momentum: PC Demand, Smartphones Key
Tue, 23 Dec 2014 23:17:00 GMT
SANDISK CORP Files SEC form 8-K, Change in Directors or Principal Officers
Mon, 22 Dec 2014 22:18:54 GMT
SanDisk: Summit Ups to Buy on Weaker Yen, Gains from ‘TLC' Flash Technology
Mon, 15 Dec 2014 18:22:00 GMT
Buy Apple's pullback?
Mon, 08 Dec 2014 22:14:00 GMT
Bulls still have upper hand: Cramer
Wed, 03 Dec 2014 23:00:00 GMT
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