SNDK Gains 6.85% Momentum Builds Toward 676
$SanDisk Corp.(SNDK)$
SanDisk (SNDK) Soars +6.85%: Breaks Resistance on High Volume, $676.69 High in Sight
Latest Close Data
Closed at $576.25 on 2026-02-01, up +6.85% (+$36.95). The stock is just $100.44 (-14.8%) below its 52-week high of $676.69.
Core Market Drivers
Massive intraday volatility (26.64% amplitude) and record-high volume (40.9M shares, 27.93% turnover) indicate intense speculative interest, potentially driven by sector rotation or anticipation of corporate announcements. Significant net capital outflow over the past five days suggests profit-taking amidst the rally.
Technical Analysis
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The RSI(6) at 88.85 is deeply in overbought territory, signaling extreme bullish momentum but also high risk of a pullback.
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MACD remains bullish with DIF at 71.93 above DEA at 61.90, though the histogram shows potential slowing momentum.
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Volume Ratio of 2.33 confirms the breakout was backed by strong buying interest.
Key Price Levels
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Primary Support: $481.10 (Recent swing low, crucial for trend integrity).
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Strong Resistance: $676.69 (52-week high, key psychological and technical barrier).
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Immediate Pivot: $577.10 (Today's breakout level; holding above is bullish).
Valuation Perspective
Forward P/E of 31.11 is significantly above its historical average of 19.22 and the +1 Std.Dev of 26.19, indicating the stock is richly valued based on future earnings expectations. P/S of 9.46 also suggests a premium valuation.
Analyst Targets
21 analysts have an average price target of $552.13, slightly below the current price. Sentiment is bullish with 5 Strong Buy, 10 Buy, and 7 Hold recommendations.
Weekly Outlook
Expect consolidation or a pullback after the sharp run-up, with initial support near $540-$550. A sustained break above $580 could target a retest of the $676 high. Watch for a break below $530 to signal a deeper correction.
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