NetApp (NTAP) Offering Possible 41.24% Return Over the Next 22 Calendar Days

NetApp's most recent trend suggests a bullish bias. One trading opportunity on NetApp is a Bull Put Spread using a strike $63.00 short put and a strike $58.00 long put offers a potential 41.24% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $63.00 by expiration. The full premium credit of $1.46 would be kept by the premium seller. The risk of $3.54 would be incurred if the stock dropped below the $58.00 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

Morgan Stanley Swings From Cautious To Bullish On IT Hardware
Tue, 23 Jan 2018 21:54:32 +0000
Things are looking up for the information technology hardware business — enough so that the industry earned a double upgrade Tuesday from an earlier critic. The Rating Morgan Stanley analyst Katy Huberty …

Government Shutdown Introduces Uncertainty For NetApp's Quarter, DA Davidson Says
Tue, 23 Jan 2018 17:12:27 +0000
NetApp Inc. (NASDAQ: NTAP ) shares have run up about 65 percent over the past four months, reflecting the company's strong position in the storage market. The Analyst DA Davidson analyst Mark Kelleher …

Hewlett Packard Enterprise, Teradata stocks rise following Morgan Stanley upgrades
Tue, 23 Jan 2018 16:24:24 +0000
Shares of Hewlett Packard Enterprise Co. are up 2% in Tuesday morning trading after Morgan Stanley analyst Katy Huberty upgraded the stock to overweight from equal weight. She also upgraded shares of NetApp …

Safelite Leapfrogs Competitors, Boosts Care and Customer Base, Builds Hurricane-Ready Infrastructure with NetApp
Tue, 23 Jan 2018 13:00:00 +0000
SUNNYVALE, Calif., Jan. 23, 2018– NetApp, empowering its customers to change the world with data, today celebrates Safelite, a data visionary and the largest auto glass specialist in the United States. …

Top Stock Reports for Nike, Oracle & Boeing
Mon, 22 Jan 2018 19:40:07 +0000
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