SNDK — All updates

We've got SanDisk and GameStop. Should we just start with those two? We'll start with SanDisk. Probably end up tying Micron into this to be completely honest. Here's SanDisk's chart.

SanDisk up 1.8%. Let's take a look at the action here. Ah, okay. So, this did move with the uh CPI print here today. And this actually looks pretty strong.

It's a SanDisk stock. When you look at this stock according to our metrics, you will find that it scores highly in all areas: value , growth, profitability, positive analyst adjustments to earnings per share, and momentum.

I want to talk about one of my favorite stocks from last year, which may well become this year's new favorite as well. I am talking about SanDisk. This is how SanDisk has been performing for a while now.

The stock briefly crossed above its 50-day moving average , then retreated again and looked like a lower peak, suggesting a downward move is coming. But that didn't actually happen.

The stock has been contained at the 20-day moving average . So the situation was getting worse little by little . And now we arrive at Monday, with heavy trading volume , and despite it remaining below the 50-day moving average , doesn't it seem to be preparing for something?

Then Wednesday came and nothing happened , but we kept waiting. We waited and waited, and here we are yesterday, and then finally the explosion happened today with a trading volume higher than average.

We're going with SanDisk. I shorted Sandis here. Look at all this bearish consolidation here that's occurring on the chart. Just jumped right in. Didn't wait for a high pivot, which I normally would do or at least wait for some sort of retrace.

Jumped right in in the money just ever so slightly. We'll see if we can't narrow this margin going on here with Len. Five bucks on sand is nothing.

You let off SanDisk, one that I own, down 140, and that's not fun. Joe, I just noticed they have a live feed on of him right there. So, it's like it's like Inception going on. Did you see it, too?

I did, yeah. But, I was also kind of gasping at the SanDisk reference cuz I think it took quite a hit recently. Oh, did it? It'd be a tough one to get into to to be holding, I guess. Yeah.

Same with Sandisk. Um but what I'd like to see is, you know, a little bit further pullback, just kind of shake the trees a little bit, perhaps down to 1450, and then get that 5-day moving average flattened out, then you could see a much bigger rally unfold in there.

Right now, we just don't we don't have any clear direction. This rally has, you know, this the pattern of higher highs and higher lows above the rising 5-day moving average has been replaced with lower highs and lower lows with what?

A flat declining 5-day moving average. So, it pays to say stay on the sidelines here for now.

Even though Sandisk has been quite cool again, the stock has crashed back down to Earth. Folks are in a panic. Let's talk about Sandisk. Here's a look at this chart from fiscal.ai on the stock price.

You can see back in July everyone was in a euphoria stage with Sandisk stock over $2,000 a share. As of this recording, stock's back down to around $1,200 per share.