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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 243.50-14.0%Nov 13 3:59 PM EST
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From: Sam1/24/2019 3:04:23 PM
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Technical Take: Western Digital breaks downtrend resistance line (TheFlyOnTheWall)
THE FLY 10:26 AM ET 1/24/2019


Ahead of earnings after the bell today, the stock is on the move higher. With price last at $40.45, up over 7.5%, the downtrend resistance line in place since May of last year has been broken on the upside. This is technically bullish for future price. At current price next resistance is at $41.58. Support is at the $39.50 area, near the point of intersection with the downtrend resistance line.

[my note: the stock is at $39.86 at 3:00. Big day for chip stocks today.]
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