Harry Aloof
06-27-2007, 12:14 AM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
SANDISK CORP (SNDK-Nasdaq): Technical Viewpoint: From a low of $42.25 on May 1, 2007 prices rallied, reaching a high of $45.48 on May 3, 2007. A decline saw prices pull back, reaching a low of $41.50 on Jun 18, 2007. Another rally saw prices penetrate resistance, closing 6/15/07 at $46.40. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 11, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $42.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 11, 2007. A P&F upside reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! SANDISK CORP (SNDK-Nasdaq) @ $46.50 Stop: Use a protective stop of $44.50. SANDISK CORP is currently trading @ $46.40 plus $1.42 on Jun 15, 2007.
Price Objective: $59.50
Risk/Reward: $2.00 VS. $13.00
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2158-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
SANDISK CORP (SNDK-Nasdaq): Technical Viewpoint: From a low of $42.25 on May 1, 2007 prices rallied, reaching a high of $45.48 on May 3, 2007. A decline saw prices pull back, reaching a low of $41.50 on Jun 18, 2007. Another rally saw prices penetrate resistance, closing 6/15/07 at $46.40. Technicals: MACD Index (MACD): A Buy Alert! was given on Jun 11, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $42.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 11, 2007. A P&F upside reversal takes place at $43.00. Summary: Technical indicators have turned bullish. BUY! SANDISK CORP (SNDK-Nasdaq) @ $46.50 Stop: Use a protective stop of $44.50. SANDISK CORP is currently trading @ $46.40 plus $1.42 on Jun 15, 2007.
Price Objective: $59.50
Risk/Reward: $2.00 VS. $13.00
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2158-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)