Sandisk Corporation shares fell 4.95% to $1,517 in Monday’s premarket trading as investors reduced exposure to higher-beta technology stocks. Nasdaq futures dropped 0.70%, while S&P 500 futures declined 0.27%. The pullback moved Sandisk closer to support near $1,485, a level traders are watching for signs of renewed buying or further selling. Sandisk remains 61.6% above its 200-day simple moving average of $939.21 and 4.8% above its 100-day SMA of $1,448.43, but it is 8.3% below its 50-day SMA of $1,654.17 and 9.9% above its 20-day SMA of $1,381.13. Its relative strength index, a momentum gauge, is 54.10, indicating broadly balanced buying and selling pressure. The 20-day SMA remains below the 50-day SMA, while the 50-day SMA is above the 200-day SMA, leaving short- and long-term signals mixed. Resistance is near $1,696.50. Sandisk reached a 52-week high in June, fell to a swing low in July and broke above resistance in August. Analysts give the stock a Buy consensus rating and an average price forecast of $2,213.71, while Sandisk trades at a price-to-earnings ratio of about 21.6. RBC Capital, Wells Fargo and Wedbush cited price forecasts of $1,600, $1,550 and $2,000, respectively, with RBC Capital and Wells Fargo maintaining Sector Perform and Equal-Weight ratings and Wedbush maintaining Outperform. Benzinga Edge assigns Sandisk a Momentum score of 99.9 and a Value score of 12.1. The stock also has ETF exposure through DRAM, FSMD and RPG, with weightings of 4.41%, 4.15% and 7.07%, respectively.