Sandisk Fades. Watch This Level
Sandisk Corp.(NASDAQ:SNDK) has sold off today after starting the day slightly higher at the open. The stock made a new 52 week high yesterday and often after a new high a pullback or some profit taking will occur. While the daily chart still remains in an uptrend the intra-day chart is in a small downtrend. The stock will have short term intra-day support around the $51.90 area. This is where traders can look for a small bounce in the stock.