Heavy Volume Lifts SanDisk

By

Gary Morrow

 | Jul 20, 2012 | 1:05 PM EDT

SanDisk (SNDK) is one of the top gainers on the Nasdaq today. The stock is up more than 12% on extremely heavy trade. It began the day with a huge gap-higher open after a very bullish second-quarter report. Investors aggressively bid up shares in the pre-market, sparking the powerful upside gap on the bell. Volume powering the surge is already well ahead of the previous high mark for this year. Considering the light short base in the stock, this is an impressive buying wave.

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