SanDisk falls in early trading, levels to watch The shares are down nearly 3%, following a breakdown below the 10-day moving average uptrend proxy yesterday. Support is now at $41.95, the top of a bullish gap from a couple of weeks ago. Resistance is at $43.89, yesterday's closing price. The shares were downgraded earlier to Market Perform at JMP Securities based on seasonal demand and valuation.
SanDisk upgraded to Buy from Neutral at Goldman Goldman Sachs upgraded SanDisk to Buy saying the weakening in the yen will likely be a positive for margins in 2015. Goldman raised its price target for shares to $106 from $87.