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SanDisk Corp. Message Board

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  • counselor711322 counselor711322 Aug 24, 2010 2:19 PM Flag

    One of my indicators is giving a BUY,

    Ah, the good old days of August 4:

    Top Stock #4: SanDisk Corp. (SNDK)

    SanDisk Corporation (NASDAQ: SNDK) makes and distributes NAND-based flash storage card products that are used in various consumer electronics products.

    The stock has been a favorite of mine since the market lows in March 2009, and it has been a winner. It was first recommended at under $25 and doubled within one year. Now, following a consolidation with support at $40, it is again worth considering for both a trade and as a quality addition to a portfolio of technology stocks. Note the double buy signal from our proprietary indicator, the Collins-Bollinger Reversal (CBR). Also, the rising stochastic indicates that the bottom at $40 should hold.

    The 12-month target for SNDK is $50 and Ford Equity Research maintains a “strong buy” recommendation, noting that SanDisk’s operating earnings yield of 9% ranks above 85% of the companies in its sector.

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