Chart courtesy of StockCharts.com
Finally, I've got charts! Thanks to www.stockcharts.com, which I highly recommend everyone visit and use for your own charting needs.
The first chart I want to look at is SNDK. Although SNDK's recent move has been rather large, I believe it will soon move again making now the time you should be looking at buying the stock as it consolidates and finds support. Looking at the chart, the stock moved in a month's time from 36 to 45 and is now looks to be coming back down to it's 50 sma to find support. I believe it will find some serious buyers at the 50, if it even makes it there, making it an attractive buy. In addition the lower bollinger band is moving up to start supporting the price as well.
For an entry, I'd start looking at it now, buying gingerly if the action looks strong, but would preferrably wait until around 42 where it fills the gap it set back in March to get in. A stop loss can be placed about a percent or more below the 50 sma depending on your risk tolerance but I would seriously consider keeping it tight. If the 50 breaks, then chances are we were wrong and we get stopped out with minimal loss.
I'll be back later with more charts and analysis.
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