SanDisk +6.1% Breaks $220, Eyes $271 Upside
$SanDisk Corp.(SNDK)$
SanDisk Corp (SNDK) Surged +6.11%: Storage Giant Breaks Above $220, $271 Target Horizon
Latest Close Data
SNDK closed at $219.46 on Dec 19, gaining +6.11% (+$12.63) from yesterday's close of $206.83.
Stock reached intraday high of $231.00, trading 22.9% below 52-week high of $284.76.
Core Market Drivers
Storage sector momentum driven by AI data center demand and memory chip shortage concerns.
Recent capital outflow pattern shows mixed institutional sentiment with 5-day net outflow of $4.23B, though today's $7.00B inflow vs $7.26B outflow indicates renewed buying interest.
Technical Analysis
Volume surged 22% above average (9.93M shares vs typical range).
MACD shows bearish divergence at 1.79 DIF vs 4.56 DEA, signaling momentum weakening.
RSI-6 at 53.33 indicates neutral territory, recovering from oversold levels.
KDJ at 38.8 K-value suggests potential bounce from oversold conditions.
Key Price Levels
Primary Support: $206.21 (recent technical floor)
Strong Resistance: $231.00 (today's high, key breakout level)
Immediate Pivot: $220.00 (psychological round number)
Valuation Perspective
Trading at P/S ratio of 4.13x, above sector median. Forward P/E of 16.70 sits near historical average of 17.78, suggesting fair valuation despite negative TTM EPS of -$11.99.
Analyst Targets
18 analysts maintain bullish outlook: 5 Strong Buy, 9 Buy, 6 Hold. Average price target of $271.33 implies 23.6% upside potential from current levels (range: $220-$322).
Weekly Outlook
Expect consolidation in $215-$235 range. Break above $231 targets $250-$260 zone. Support failure below $206 could retest $190-$200 support cluster.
Risk Disclaimer
This analysis is for informational purposes only and not investment advice. Past performance doesn't guarantee future results.
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