NetApp (NTAP) Offering Possible 11.48% Return Over the Next 24 Calendar Days

NetApp's most recent trend suggests a bullish bias. One trading opportunity on NetApp is a Bull Put Spread using a strike $60.00 short put and a strike $50.00 long put offers a potential 11.48% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $1.03 would be kept by the premium seller. The risk of $8.97 would be incurred if the stock dropped below the $50.00 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 above 80 which suggests that the stock is in overbought territory.

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

See what the IHS Markit Score report has to say about NetApp Inc.
Thu, 18 Jan 2018 13:04:48 +0000
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Technology sector is rising.

Brad Anderson to Lead NetApp Cloud Infrastructure Business Unit
Wed, 17 Jan 2018 13:00:00 +0000
SUNNYVALE, Calif., Jan. 17, 2018– NetApp today announced the appointment of Brad Anderson as the senior vice president and general manager of the NetApp Cloud Infrastructure business unit.. NetApp has …

Hackensack Meridian Health JFK Medical Center Sets Sights on Transforming Delivery of Services by Mobilizing Over 3,500 Caregivers Across Five Facilities with NetApp
Tue, 16 Jan 2018 13:00:00 +0000
SUNNYVALE, Calif., Jan. 16, 2018– NetApp, empowering its customers to change the world with data, today celebrates JFK Medical Center, part of the Hackensack Meridian Health Network- New Jersey’ s largest …

Where Is Seagate Trading Compared to Moving Averages in January 2018?
Tue, 16 Jan 2018 12:31:35 +0000
US-based (SPY) storage technology firm Seagate (STX) has generated returns of 33% in the trailing 12-month period, 21.1% in the last one month, and 15% in the trailing five-day period. At the end of January 11, 2018, Seagate closed trading at $49.01, which is 60% above its 52-week low of $30.6 and 3.8% below its 52-week high of $50.96. Of the 28 analysts tracking Seagate, three gave the stock a “buy” recommendation, and 19 analysts recommended a “hold.” Six analysts recommended a “sell” on the stock.

The Zacks Analyst Blog Highlights: Netflix, Apple, Alphabet and NetApp
Tue, 16 Jan 2018 12:31:12 +0000
The Zacks Analyst Blog Highlights: Netflix, Apple, Alphabet and NetApp

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