Sandisk saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 68 to 90.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an 80 or better RS Rating as they begin their biggest runs.
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While now is not an ideal time to invest, see if the stock manages to form a chart pattern and break out.
The company reported 0% EPS growth in the latest quarterly report, while sales growth came in at 23%.
The company holds the No. 1 rank among its peers in the Computer Software-Storage industry group. Micron Technology and Seagate Technology are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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