Sandisk (SNDK) 6/18/2007

[Harry Aloof]

From Wall Street Trader's Column

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