NetApp's most recent trend suggests a bullish bias. One trading opportunity on NetApp is a Bull Put Spread using a strike $40.50 short put and a strike $35.50 long put offers a potential 17.1% 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 $40.50 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $4.27 would be incurred if the stock dropped below the $35.50 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 63.99 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for NetApp
NetApp Helps Enterprises and Service Providers Build a Hybrid Cloud Foundation
Tue, 28 Oct 2014 12:19:12 GMT
noodls – New software, services and partnerships simplify hybrid cloud deployments and data management LAS VEGAS, Nev. – October 28, 2014 – Tuesday at NetApp Insight™ North America 2014, NetApp, Inc. (NASDAQ: NTAP) …
How The Worm Turns–NetApp Starts Talking Hybrid Cloud Fabric
Tue, 28 Oct 2014 12:00:00 GMT
NetApp Helps Enterprises and Service Providers Build a Hybrid Cloud Foundation
Tue, 28 Oct 2014 12:00:00 GMT
Marketwired – Tuesday at NetApp Insight™ North America 2014, NetApp, Inc. announced new software, services, and partnerships that simplify data management across clouds. The announcement included a powerful new version …
Samsung's merger doesn't make sense: Nomura
Mon, 27 Oct 2014 22:35:00 GMT
NetApp (NTAP) Stock Up in After-Hours Trading After Riverbed Technology (RVBD) SteelStore Deal
Mon, 27 Oct 2014 20:29:00 GMT
TheStreet – NetApp (NTAP) stock is climbing in after-hours trading after announcing that it acquired Riverbed Technology's (RVBD) SteelStore product line for $80 million.
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