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Sandisk Fades. Watch This Level



January 11, 2011 – Comments (0) | RELATED TICKERS: SNDK.DL

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.

Nicholas Santiago

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