The broader market also weighed on sentiment, with Nasdaq futures down 1.04% and S&P 500 futures off 0.44%.With no new company-specific news from SanDisk on Friday, traders appeared to lock in gains as risk appetite cooled across high-beta technology stocks. The weaker futures market also encouraged investors to trim positions after the stock’s sharp advance over the past year.Technical AnalysisFriday’s decline has not changed SanDisk’s longer-term uptrend.The stock continues to trade above its 20-day, 50-day and 200-day simple moving averages. That bullish alignment suggests buyers remain in control despite the latest pullback.Momentum also remains constructive. The MACD indicator is above its signal line and the histogram is positive, suggesting bullish momentum is still intact.However, the stock entered overbought territory on the Relative Strength Index earlier this month. That makes short-term profit-taking more likely when broader market sentiment weakens.The 20-day moving average near $1,874 could serve as the first important support level. On the upside, resistance remains near the recent 52-week high of about $2,354.Earnings And Analyst OutlookWall Street expects SanDisk to report second-quarter results on Aug. 13.Analysts project earnings of $33.34 per share on revenue of $8.24 billion, compared with earnings of 29 cents per share and revenue of $1.90 billion a year earlier.The stock carries a consensus Buy rating. Recent analyst actions include: