Top Stock to Buy #4 – SanDisk (SNDK)
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.