3 Stock Charts SNDK, CMI, VMW

Overall, the sentiment in the market has been somewhat mixed as of late. Some traders believe bulls are getting trapped in at higher prices, while other’s are claiming we just passed into a new trading zone.

I’m in a little bit of a “chart-frenzy,” so here are 3 more charts that caught my eye. You can learn about my charting tendencies and rules here.

SanDisk (SNDK) – An interesting stock to watch. SanDisk broke out of it’s triangle and surpassed initial price target in one swift move. I don’t necessarily like buying stocks after such a big move, so continue watching for any opportunity to buy on a pullback.

Cummins (CMI) – With a wedge pattern, this stock could easily break resistance and rise higher, but indicators point to a more likely scenario of hitting the resistance (which could trigger a short). From there, we can wait to see if we get a bounce off the support or break-through.

VMware (VMW) – Since recommending this stock back at the end of January, VMware is up 20% and looks like it is ready to head higher. Based on the pattern, there is a support point at $49 with a price target of 54.