TradingKey – As of the close on Monday (November 2) Eastern Time, SanDisk (SNDK) shares fell 6.59% to $1,075.08, touching an intraday low of $1,067.40, before recovering slightly in after-hours trading to around $1,090. Based on its current weekly performance, SanDisk’s stock price has fallen for seven consecutive weeks, with a cumulative drop of over 40%.
SanDisk stock daily chart, Source: TradingView
From the daily chart of SanDisk’s stock price, after rebounding toward the $1,900 resistance level on September 22, the stock faced persistent selling pressure and pulled back, falling below several key moving averages, including the 5-day, 10-day, 20-day, 60-day, and 144-day lines. Furthermore, as short-term moving averages (5-day, 10-day,…
