On Friday, Sandisk got a positive adjustment to its Relative Strength (RS) Rating, from 82 to 91.
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IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of over 80 at the beginning of a new run.
While the stock is not near a proper entry right now, see if it goes on to form and break out from a proper base.
Earnings growth slowed in the most recent report from 0% to -77%. But revenue moved higher, from -1% to 8%.
Sandisk earns the No. 8 rank among its peers in the Computer Software-Storage industry group. Western Digital, Micron Technology and Seagate Technology are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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