SanDisk Is Close to Resistance

New York, June 12th (TradersHuddle.com) - Shares of SanDisk Corporation (NASDAQ:SNDK) are trading very close to calculated resistance at $36.31. The stock ended the trading session at just $34.62, which is near levels that make it difficult to buy or start a position.

SanDisk Corporation (NASDAQ:SNDK) supplies flash data storage products. The Company designs, manufactures, and markets industry-standard, solid-state data, digital imaging, and audio storage products using its patented, high-density flash memory and controller technology.

SanDisk's stock range is defined by its calculated support defined at $30.99 and by the resistance level at $36.31; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for SanDisk. However, as the stock pulls back towards $30.99 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $36.31 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,131.97 ▲100.83 (0.59%)
o S&P 500 1,998.98 ▲14.85 (0.75%)
o NASDAQ 4,552.76 ▲33.86 (0.75%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,131.97 Trade time:4:30PM EDT Value change:▲100.83 (0.59%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,998.98 Trade time:4:30PM EDT Value change:▲14.85 (0.75%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,552.76 Trade time:5:15PM EDT Value change:▲33.86 (0.75%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.