SanDisk Surges 9.6%, Tests 52-Week High at $531
$SanDisk Corp.(SNDK)$
SanDisk Corp(SNDK) Soars +9.60%: Flash Memory Leader Tests 52-Week High at $531.46
Latest Close Data:
Closed at $527.63 (Jan 28), up +9.60% on the day, a mere 0.7% shy of its 52-week high of $531.46.
Core Market Drivers:
Strong momentum is driven by broad semiconductor sector strength and positive sentiment around memory pricing recovery. The stock has shown significant price appreciation from its 52-week low of $27.89, indicating a powerful uptrend.
Technical Analysis:
The surge was backed by robust volume (16.48M shares). Key indicators are bullish: RSI(6) at 83.13 shows strong momentum (approaching overbought), and MACD is positive (DIF: 65.63, DEA: 57.26, MACD: 16.75), confirming the uptrend's strength.
Key Price Levels:
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Primary Support: $481.10 (previous resistance turned support)
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Strong Resistance: $531.46 (52-week high)
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Immediate Pivot: $527.63 (today's close). A break above $531.46 opens the path for a new leg up.
Valuation Perspective:
Forward P/E stands at 32.31, significantly above its historical average of 19.33, indicating high growth expectations are priced in. P/S ratio of 9.94 also reflects a premium valuation.
Analyst Targets:
20 analysts have an average price target of $364.49 (median not provided), with a range of $144.78 to $600.00. The consensus leans positive with 5 Strong Buy, 9 Buy, and 8 Hold ratings.
Weekly Outlook:
Expect consolidation near the 52-week high. The key test is a decisive close above $531.46. If successful, the next target is the $600 area (aligning with the highest analyst target). A failure to break higher could see a pullback toward the $500-$510 support zone.
Risk Disclaimer:
This analysis is for informational purposes only and not financial advice. Trading involves substantial risk. Past performance does not guarantee future results. Please conduct your own research.
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