Sandisk (SNDK) Offering Possible 20.48% Return Over the Next 18 Calendar Days

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 20.48% return on risk over the next 18 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 $0.85 would be kept by the premium seller. The risk of $4.15 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 75.18 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Sandisk

SANDISK SETS JULY 16 TO DISCUSS SECOND QUARTER 2014 FINANCIAL RESULTS
Wed, 02 Jul 2014 13:04:02 GMT
Thomson Reuters ONE – Investor Contacts: Brendan Lahiff, 408-801-1732 Brendan.Lahiff@sandisk.com Media Contact: Michael Diamond, 408-801-1108 Michael.Diamond@sandisk.com SANDISK SETS JULY 16 TO DISCUSS SECOND QUARTER 2014 FINANCIAL …

Top Large-Cap Growth Funds Defy The Odds
Tue, 01 Jul 2014 22:01:00 GMT
Investor's Business Daily – The average large-cap growth fund has been left in the dust by its small- and midcap growth counterparts as well as the broad stock market over the past 15 years. But the top-performing large-cap growth …

Today SanDisk (SNDK) Hits New Lifetime High
Tue, 01 Jul 2014 13:46:00 GMT
TheStreet – Trade-Ideas LLC identified SanDisk (SNDK) as a new lifetime high candidate

Micron, SanDisk, Hynix To Ride Continued DRAM, NAND Pricing, Says Bernstein
Mon, 30 Jun 2014 18:12:00 GMT
Barrons.com – Micron Technology (MU) and SanDisk (SNDK) and SK Hynix (000660KS) may benefit from a continued rise in DRAM and NAND flash memory chip prices, writes Bernstein Research's Mark Newman in a note to clients today. Newman, who has Outperform ratings on all three stocks, and a $45 target on Micron and a $150 target on SanDisk, and a ₩75,000 target on Hynix, notes that DRAM prices are set to rise as the spot price has already jumped well above the prices set by contracts between the chip makers and their long-term customers: PC DRAM contract prices were reported flat in 2H June and are widely expected to start increasing in July. We expect a 5%- 10% PC DRAM contract price increase is highly likely in Q3. As the DRAM industry is moving to longer term pricing, pricing is becoming more stable and supplier's pricing leverage is increasing given the fundamental supply constraints at play.

SanDisk Margins Aided By Product Shift: Pacific Crest
Mon, 30 Jun 2014 17:40:00 GMT
Investor's Business Daily – SanDisk (SNDK) stock was up more than 1% in midday trading in the stock market today, matching an all-time high of 104 touched on June 18, after Pacific Crest Securities raised its price target, as well …

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