NetApp (NTAP) Offering Possible 8.46% Return Over the Next 22 Calendar Days

NetApp's most recent trend suggests a bearish bias. One trading opportunity on NetApp is a Bear Call Spread using a strike $36.00 short call and a strike $41.00 long call offers a potential 8.46% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.00 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock rose above the $41.00 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 33.51 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

There's no tech bubble: Pro
Wed, 23 Apr 2014 19:48:34 GMT

Einhorn sees tech bubble, traders disagree
Wed, 23 Apr 2014 17:04:00 GMT

Will This Downgrade Hurt NetApp (NTAP) Stock Today?
Wed, 16 Apr 2014 12:27:00 GMT
TheStreet – Shares of NetApp (NTAP) were downgraded today to ‘neutral' from ‘buy' at UBS (UBS).

NetApp downgraded to Neutral from Buy at UBS
Wed, 16 Apr 2014 09:27:01 GMT
theflyonthewall.com – UBS downgraded NetApp to Neutral citing rising competition and a “mediocre” outlook for storage spending. The firm lowered its price target for shares to $40 from $50.

Will Exablox Cut NetApp's Revenues?
Mon, 14 Apr 2014 14:58:00 GMT
Forbes – Established data storage providers charge their customers a hefty price to keep up with the explosion of corporate data. This makes companies willing to overcome their fear of betting on a startup so they can keep their IT budgets from exploding as well. And if those startups succeed, there is a […]

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