SNDK our Free Stock Pick for Tue Jan 10th 2012

Free Stock Pick for Mon January 9th 2012
by Sinisa Persich, TraderHR.com

Be alerted when Sinisa posts an article

Sandisk (SNDK), which has been in a symmetrical triangle for three months, broke out above the upper trendline Monday with a gain of 90 cents to 50.83.

The stock is nearing a key resistance level of 51, which if broken should lead to a target in the 53.25 to 57.40 range.

Initial stop loss is 48.47.

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Sinisa Persich is a technical analyst and author of TraderHR, featuring his daily, small-cap, swing trade set-ups for yielding profits in both up and down markets. Sign up for a Free 15-Day Trial!

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