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Upgrade Alert for SanDisk (SNDK)
[January 14, 2013]

Upgrade Alert for SanDisk (SNDK)

Jan 14, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- SanDisk (NASDAQ:SNDK) was upgraded from Hold to Buy at Cross Research today. The stock closed yesterday at $46.53 on volume of 6.2 million shares, above average daily volume of 4.0 million. SanDisk Corporation supplies flash data storage products. The Company designs, manufactures, and markets industry-standard, solid-state data, digital imaging, and audio storage products using its patented, high-density flash memory and controller technology.

In the past 52 weeks, SanDisk share prices have been bracketed by a low of $30.99 and a high of $53.08 and closed yesterday at $46.53, 50% above that low price. The 200-day and 50-day moving averages have moved 0.3% lower and 0.63% higher over the past week, respectively.

Potential upside of 9.5% exists for SanDisk, based on a current level of $46.53 and analysts' average consensus price target of $50.96. The stock should find initial support at its 50-day moving average (MA) of $42.37 and further support at its 200-day MA of $40.47.

SmarTrend recommended that subscribers consider buying shares of SanDisk on December 10th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.70. Since that recommendation, shares of SanDisk have risen 9.0%. We continue to monitor SNDK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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