The summer rout in momentum stock Sandisk (SNDK) could end depending on its Wednesday earnings report. Ahead of the company's earnings report, the stock has breached its 50-day and 100-day moving averages, per Yahoo Finance AlphaSpace data. The dynamic pushed the stock prices of Sandisk, Micron, and other players in the chip space to record highs in late June. Sandisk and Micron are down 25% and 13%, respectively, over the past month, according to Yahoo Finance AlphaSpace data. But Apple's (AAPL) earnings report last week reminded everyone that the demand and pricing backdrop for memory chip players remains robust.