NetApp (NTAP) Offering Possible 28.53% Return Over the Next 20 Calendar Days

NetApp's most recent trend suggests a bearish bias. One trading opportunity on NetApp is a Bear Call Spread using a strike $68.00 short call and a strike $73.00 long call offers a potential 28.53% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $68.00 by expiration. The full premium credit of $1.11 would be kept by the premium seller. The risk of $3.89 would be incurred if the stock rose above the $73.00 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 73.77 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

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Wed, 25 Apr 2018 13:36:01 +0000
Zacks.com featured highlights include: NetApp, Steel Dynamics, UniFirst, Reliance Steel and Stepan

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Analysts Expect Seagate’s Revenue to Rise 2.4% in Fiscal 3Q18
Tue, 17 Apr 2018 11:31:33 +0000
Storage company Seagate (STX) is expected to announce its fiscal 3Q18 results on May 1, 2018. Analysts expect Seagate to post revenue of $2.74 billion in fiscal 3Q18, a rise of 2.4% YoY (year-over-year) compared to its revenue of $2.67 billion in fiscal 3Q17. Wall Street has a high revenue estimate of $2.81 billion and a low estimate of $2.64 billion for the quarter, which ended in March 2018.

NetApp Inc. Stock Is a Great Trade If You Can Get out in Time
Mon, 16 Apr 2018 13:23:50 +0000
In 2018 there is a tech stock that is hotter than Nvidia Corporation (NASDAQ:NVDA). That stock is NetApp Inc. (NASDAQ:NTAP). NetApp stock very well could be the Nvidia of the future.

Is Western Digital Trading Higher than Its Moving Averages?
Mon, 16 Apr 2018 13:02:04 +0000
Western Digital (WDC) has returned 7.5% in the last 12 months, -12% in the last month, and 0.3% in the last five days. WDC stock rose 17% in 2016 and ~20% in 2017. Since the start of 2018, it’s risen almost 14% despite the tech sector sell-off in early February and mid-March.

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