Take Profits Now. Famous Chart Technician Says SanDisk is The “Most Overbought Stock Ever”

Carter Worth said the memory chip trade has gone "too far, too fast," signaling caution on the sector's recent run-up. The comment is a sentiment-driven warning rather than a fundamental update, but it could pressure memory-chip stocks and related semiconductor names in the near term.

Analysis

Carter Worth said the memory chip trade has gone "too far, too fast," signaling caution on the sector's recent run-up. The comment is a sentiment-driven warning rather than a fundamental update, but it could pressure memory-chip stocks and related semiconductor names in the near term.