SanDisk (SNDK) stock rose on Friday as Intel’s (INTC) strong first-quarter earnings and optimistic future guidance boosted the entire semiconductor and storage sector. Even after the rise, SNDK’s Relative Strength Index (RSI) hovers around just 68, indicating that the stock has not yet fallen into overbought territory. SanDisk stock has been nothing short of a…
Investors are abandoning San Francisco-based DocuSign (DOCU) on Friday after Citi senior analyst Tyler Radke turned bearish on the company. When Radke downgraded DOCU to “Neutral” and cut his price target nearly in half, DocuSign’s Relative Strength Index (14-day) fell to the mid-30s, indicating that the bearish momentum could soon run out. DocuSign stock has…
Micron (MU) stock is rising significantly on January 2 after a senior Bernstein analyst, Stacy Rasgon, issued a constructive note in its favor. Today’s rally took the MU Short-Term Relative Strength Index (9-day) into the mid-70s, which is often interpreted as overbought territory. Including today’s earnings, Micron stock is trading at nearly five times its…
