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SanDisk on the Verge of a Major Bull Market

by Sam Collins 09/15/09

SanDisk Corp. (SNDK) -- This company makes and distributes NAND-based flash storage card products that are used in various consumer electronics products.

SanDisk has given off a series of strong technical signals since flashing a gold cross in April.

On Sept. 9, SNDK broke through a triple-top (right triangle) backed with a new strong Moving Average Convergence/Divergence (MACD) buy signal.

Volume supports the breakout, and the trading target is $24.

However, longer-term buyers will want to hold on for even higher prices since this stock appears to be on the verge of a major bull market.

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