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NetApp, Inc. (NTAP) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Electronic Components
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 18 Aug 2017NoneDojiTue, 08 Aug 2017-7.8%
***Stock database and scans are updated around midnight (New York time) every trading day.
38.95 0.00 (0%) Aug 21 4:00pm EDT
Open: 39.76 Range: 38.51 - 39.87 Vol: 4.48M Avg Vol: 3.44M
EPS: 2.07 P/E ratio: 19.00 EBITDA: 950.00M Mkt Cap: 10.62B
Analyze "NTAP" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 41.06
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 42.66
Last Trade is below the 50 day moving average at 41.19
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 39.22
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of NTAP

Stock Trend Analysis - Buy, Sell or Hold "NetApp, Inc." (NTAP)?

NTAP is in a very strong uptrend. In the last 52 weeks, NTAP has been trading above the 200 day moving average for 100% of the time with an average daily volume of 3.4M shares being traded. For the medium term however, the 50 day moving average is indicating a trading range with a bearish downward bias. NTAP's upward trend appears to be weakening but it is still not confirmed by the 200 SMA. Confidence in the buy the dips strategy seems to be waning. The 20 day moving average seems to be confirming the 50 SMA as it is also indicating a trading range but however with a slightly bullish bias. As the long term trend is still up strongly, underlying strength in the 20 and 50 SMA can be used to time taking long/buy positions in NTAP. A good level to consider entering a long position in NTAP is near the 200 SMA currently at 39.22. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "NTAP".

The analyst consensus estimates for the 1 year price target for this stock is $45.09* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 18 Aug 2017
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