Markets finish week down after bouncing on Bannon's exit >>> READ MORE

Top 6 Stocks to Buy for December

These large caps are likely to play catch-up into year-end

      View All  

Top Stock to Buy #4 – SanDisk (SNDK)

SanDisk (SNDK), a manufacturer of flash-memory storage products, was last reviewed by the Trade of the Day on May 10.

Consensus estimates for 2013 are for $5.19 per share and $5.81 for 2014. Analysts’ mean target is $ 74.40.

SNDK has tracked a 10-point-wide bull channel for all of 2013 with a current bullish support line defined by its 200-day moving average, now at $59. The CBR indicator flashed a buy signal at over $65, and with MACD currently oversold, a bounce could occur at any time. SNDK is a buy with a target of $75. 

SNDK Chart
Click to Enlarge

Chart Key 

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC