SanDisk (SNDK) Looks Poised for Bull Run

09/16/2009 10:25 am EST

Focus: STOCKS

SanDisk Corp. (SNDK) -- This company makes and distributes NAND-based flash storage card products that are used in various consumer electronics products. 



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SanDisk (SNDK) has given off a series of strong technical signals since flashing a gold cross in April. 

On September 9, SNDK broke through a triple top (right triangle) backed with a strong new Moving Average Convergence/Divergence (MACD) buy signal. 

Volume supports the breakout, and the trading target is $24. 

However, longer-term buyers will want to hold on for even higher prices since this stock appears to be on the verge of a major bull market.  

By Sam Collins of OptionsZone.com

 

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