Sandisk, Inc. (SNDK) took a bit of a tumble yesterday in spite of the company’s awesome Q2 results that included a 26% earnings surprise on 61% revenue growth from last year. As it stands, shares are trading near a key level of support and previous breakout area at $39. The stochastic below the chart is signaling that shares are trading near over-sold conditions, take a look below.
Verifone, Inc. (PAY) has some nice upward momentum coming into the portfolio, recently rebounding from a key trend line to challenge the top end of its recent trading range. The 52-week high is now just a little over $2 away at $23.75. The MACD below the chart is bullish too, with the short-term moving average trading ahead of the long-term average, take a look below.
