Tuesday, March 20, 2007

SNDK Chart Analysis for 03.20.2007

Monthly chart shows the stock did a double top in January 2006, where it has sold off into its current low of $35.82. Basically, the monthly chart shows the stock to be in a big trading range, with the high put in at the March 2000 high, and the low at the March 2007 low.

The weekly chart shows a possible bottom forming off the March 2, 2007 low. There is resistance immediately above -- at the $43.00 and the $46.00 levels.

Early buyers stepping back into the stock. Price remains below the 200sma, which is currently sitting at $47.43 area.

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