NetApp (NTAP) Offering Possible 9.89% Return Over the Next 18 Calendar Days

NetApp's most recent trend suggests a bearish bias. One trading opportunity on NetApp is a Bear Call Spread using a strike $37.00 short call and a strike $42.00 long call offers a potential 9.89% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $37.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $42.00 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 61.73 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

Will Users See the Value of Software Defined Storage?
Tue, 03 Jun 2014 16:57:00 GMT
Forbes – Vendors of enterprise storage arrays (EMC, HDS, HP, IBM, NetApp) are all riding the Software Defined Storage (SDS) bandwagon to one degree or another. IBM says that its enterprise storage product line will over time become increasingly software defined. EMC’s ViPR SDS platform is now a flagship product while HDS […]

NetApp Prices $500M Senior Notes
Tue, 03 Jun 2014 16:30:09 GMT
Zacks – Network storage provider NetApp Inc. (NTAP) issued 3.375% convertible senior notes of $500 million in aggregate principal amount.

Charting the U.S. markets’ next technical tests
Tue, 03 Jun 2014 15:55:52 GMT

NetApp Annual Innovation Awards Recognize Enterprise-Customer Excellence in Transformative IT
Tue, 03 Jun 2014 12:00:00 GMT
Marketwired – NetApp

2:11 am NetApp prices $500 mln of Senior Notes due 2021
Tue, 03 Jun 2014 06:11:00 GMT

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