NetApp Offering Possible 10.38% Return Over the Next 25 Calendar Days

NetApp's most recent trend suggests a bearish bias. One trading opportunity on NetApp is a Bear Call Spread using a strike $41.00 short call and a strike $46.00 long call offers a potential 10.38% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $41.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock rose above the $46.00 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 33.62 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for NetApp

NetApp: The Fundamentals May Suggest Overvaluation
Tue, 25 Feb 2014 21:36:39 GMT
Seeking Alpha – NetApp, Inc. ( NTAP ) engages in design, manufacture, and marketing of networked storage solutions. The company supplies enterprise storage, data management software, and hardware products and services….

Top Picks in 2014 are Data Center REITs: A Wall Street Transcript Interview with David Toti, a Senior Managing Director and Senior REIT Analyst at Cantor Fitzgerald
Thu, 20 Feb 2014 14:01:00 GMT

NetApp Introduces Unified Scale-Out Storage Systems and Virtualization Software for the Unbound Cloud Era
Wed, 19 Feb 2014 13:15:37 GMT
noodls – SUNNYVALE, Calif. – February 19, 2014 – The new FAS8000 series scale-out enterprise storage systems are NetApp's most powerful and feature-rich storage systems with superior I/O flexibility to simplify …

NetApp Introduces Unified Scale-Out Storage Systems and Virtualization Software for the Unbound Cloud Era
Wed, 19 Feb 2014 13:00:00 GMT
Marketwired – NetApp, Inc.

Verizon Signs Up To Cloudbees PaaS, Has Anyone Told Pivotal?
Wed, 19 Feb 2014 13:00:00 GMT

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