NetApp (NTAP) Offering Possible 12.36% Return Over the Next 32 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 12.36% return on risk over the next 32 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 $0.55 would be kept by the premium seller. The risk of $4.45 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 29.98 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

Riverbed Technology Agrees To Private Equity Buyout
Mon, 15 Dec 2014 16:08:00 GMT
Investor's Business Daily – Riverbed Technology (RVBD) is leaving Wall Street. The computing networking equipment maker on Monday said it agreed to be acquired by private equity firm Thomas Bravo and Teachers' Private Capital, the …

These sectors move markets
Tue, 09 Dec 2014 16:34:00 GMT

NetApp to Participate in the Barclays, Raymond James and BMO Tech Conferences On December 9 and 10, 2014
Fri, 05 Dec 2014 00:05:58 GMT
noodls – Sunnyvale, Calif. – December 04, 2014 – NetApp (NASDAQ: NTAP) today announced Tim Russell, vice president, product management, will participate in a fireside chat at the Barclays Technology Conference …

NetApp to Participate in the Barclays, Raymond James and BMO Tech Conferences on December 9 and 10, 2014
Thu, 04 Dec 2014 21:01:00 GMT
Marketwired – NetApp today announced Tim Russell, vice president, product management, will participate in a fireside chat at the Barclays Technology Conference in San Francisco, CA, on December 9, 2014 at 3:30 p.m. …

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Thu, 04 Dec 2014 14:48:00 GMT

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