NetApp Offering Possible 16.82% Return Over the Next 37 Calendar Days

NetApp's most recent trend suggests a bullish bias. One trading opportunity on NetApp is a Bull Put Spread using a strike $40.00 short put and a strike $35.00 long put offers a potential 16.82% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $40.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $35.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for NetApp is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for NetApp is bullish.

The RSI indicator is at 65.67 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for NetApp

NetApp to Participate in the UBS Global Technology Conference on November 19, 2013
Thu, 14 Nov 2013 21:03:38 GMT
noodls – SUNNYVALE, Calif. – November 14, 2013 – NetApp (NASDAQ: NTAP) today announced that Brendon Howe, vice president, product & solutions marketing will participate in a fireside chat at the UBS Global Technology …

NetApp to Participate in the UBS Global Technology Conference on November 19, 2013
Thu, 14 Nov 2013 21:01:00 GMT
Marketwired – NetApp today announced that Brendon Howe, vice president, product & solutions marketing will participate in a fireside chat at the UBS Global Technology Conference on November 19, 2013 at 9:15 a.m. Pacific …

Stocks Trade Mixed As Wal-Mart, Cisco Weigh
Thu, 14 Nov 2013 15:31:00 GMT
Investor's Business Daily – Stocks Trade Mixed As Wal-Mart, Cisco Weigh

NetApp (NTAP) Marked As A Barbarian At The Gate
Thu, 14 Nov 2013 14:58:00 GMT
TheStreet – Trade-Ideas LLC identified NetApp (NTAP) as a “barbarian at the gate” (strong stocks crossing above resistance with today's range greater than 200%) candidate

NetApp Beats on Q2 Earnings, Lags Revs
Thu, 14 Nov 2013 13:40:03 GMT
Zacks – NetApp Inc. reported second-quarter fiscal 2014 earnings of 52 cents per share, which beat the Zacks Consensus Estimate by 4 cents.

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