Wednesday, January 03, 2007

SanDisk Corporation (Public, NASDAQ:SNDK) Update

SNDK gapped up on the open but could not take out the 20 MA resistance level. Minutes after the open, it fell hard and never recovered, breaching support at $42.00 on a closing basis. It did not trigger a trade for me, but in retrospect the gap fade would have been a very good trade here.

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