NetApp Offering Possible 11.86% Return Over the Next 31 Calendar Days

NetApp's most recent trend suggests a bearish bias. One trading opportunity on NetApp is a Bear Call Spread using a strike $42.00 short call and a strike $47.00 long call offers a potential 11.86% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $42.00 by expiration. The full premium credit of $0.53 would be kept by the premium seller. The risk of $4.47 would be incurred if the stock rose above the $47.00 long call strike price.

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

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

The RSI indicator is at 35.23 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 Introduces Unified Scale-Out Storage Systems and Virtualization Software for the Unbound Cloud Era
Wed, 19 Feb 2014 13:15:37 GMT
noodls – SUNNYVALE, Calif. – February 19, 2014 – The new FAS8000 series scale-out enterprise storage systems are NetApp's most powerful and feature-rich storage systems with superior I/O flexibility to simplify …

NetApp Introduces Unified Scale-Out Storage Systems and Virtualization Software for the Unbound Cloud Era
Wed, 19 Feb 2014 13:00:00 GMT
Marketwired – NetApp, Inc.

Verizon Signs Up To Cloudbees PaaS, Has Anyone Told Pivotal?
Wed, 19 Feb 2014 13:00:00 GMT

Crossroads Files Patent Infringement Suits Against Cisco, NetApp, and Quantum
Tue, 18 Feb 2014 23:50:05 GMT
noodls – AUSTIN, TX — (Marketwired) — 02/18/14 — Crossroads Systems, Inc. (NASDAQ: CRDS), a global provider of data archive solutions, filed complaints today against Cisco Systems, Inc., NetApp, Inc., and Quantum …

Crossroads files patent infringement suits against Cisco, NetApp, Quantum
Tue, 18 Feb 2014 22:13:40 GMT
theflyonthewall.com – Crossroads files patent infringement suits against Cisco, NetApp, Quantum

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