SanDisk (NASDAQ: SNDK) Chart Forecasts Quick Profits for Traders Who Buy Now

Shares of California-based data storage solutions company SanDisk (NASDAQ: SNDK) rallied 2.7% Friday, marking its chart with a technically significant bullish move. For the active investing and trading crowd, an opportunity now presents itself to play the stock from the long side. 
Friday's move was spurred by a positive report from Morgan Stanley (NYSE: MS). The investment bank upgraded shares to "overweight" from "equal weight" and raised its price target to $115 from $100. Its analysts said they believe a stronger pricing environment will persist for NAND memory, and that demand, particularly from Apple (NASDAQ: AAPL), will be strong going forward.  (more)

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