NTAP - Engulfing with Insidebar at three daysNTAP - Engulfing with Insidebar at three days on resistance zone
1NTAP trade ideas
NTAP pullback offers buying opportunityAfter BLASTING through trend line resistance in November, Netapp is finally experiencing a healthy pullback today after its earnings report. Earnings and guidance both exceeded analyst expectations, but the stock is pulling back anyway. This is consistent with the overall trend this earnings season. Lots of stocks have pulled back after earnings beats.
Netapp is one of my more favorite tech stocks due to its reasonable valuation and large dividend yield. I put its forward P/E at under 15 and its forward P/S at about 2.25. Forward dividend yield is possibly over 4%. I like how innovative it is for its size, with 10 patents per year per billion of market cap. (PEG ratio could be better, at about 9, but honestly that's a hard metric to use because growth rates change over time.) Netapp is trading about in-line with its median multiple over the last 4 years.
Sentiment-wise, Netapp looks quite positive. The average analyst rating is 8/10, and the put/call ratio is in bullish territory at 0.83. Technicals are bearish on the daily but bullish on the weekly scale. The average analyst price target is about 10% above the current price.
I increased my Netapp position by about 150% here and will add more if it pulls back to support at any of the weekly EMAs.
Buy NetApp Inc (NTAP)Hi Traders
I bring you my stock pick of the day
NTAP
On chart I have provided two lines, one for stop and one for exit.
Thank you
trading it its previous ATHit's not a large cap and in a downtrend; so it will get attention from r/wallstreetbets
$NTAP 1 Month #FlagNetapp pulling back in a bull flag pattern after a 60% raise. Could have possibly completed its flag yesterday Monday and ready for its next leg higher.
Netapp Inc (NTAP)- MANUFACTURES INTEGRATED NETWORK STORAGE/DATA MANAGEMENT HARDWARE FOR CORPORATIONS/GOVT AGENCIES.
A good flag in NETAPP chartA good flag pattern in the #NTAP chart
Wait for the beak out and long it
Good luck
#NtapPossible Huge triangle ready for the breakout if it breaks support it looks like a nice short all the way to the downside if not a huge explosion of a impulsive move eithier way keep it on high watch!
$NTAP - $65 to confirma daily close of $65 or massive volume, I am getting in.
Options. Been waiting for this one to set up for a long time
$NTAP BULLISH This chart really really beautiful on the 4HR as longest it hold support i don't
see why this cant have another leg up, volume seems to be picking up as well, this is a no brainier if it breaks out but if not also looks like a nice short if it cant hold support!
$NTAP may want moreRecently golden cross
Has a bullish wedge
At a major buyer support area
Watching this on open to see if it shows signs of wanting to go higher.
$NTAP with a bullish outlook after earnings release$NTAP released its earning release with a positive under reaction with the PEAD projecting a bullish outlook for the stock placing it in Drift A
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
NTAP GAP Fill ReversalNTAP just reported earnings and has run up and filled a previous gap in its chart. It may run to the top of the range to 61, then reverse. Typically after a gap fills, the is a strong trend reversal. Looking for this to go back to 57. If it does break above the range at 61.4, then i'll exit this trade because the setup will be void at that point.
NETAPP (CALL)NTAP FOR CALL TRADE
My overview for NTAP is start for Bullish Trend. In order to do that, Price need to break Orange Line
Yellow box are nice for Earning trade (Market Close) Today.
Best Regards
NTAP Snapback NTAP has ran up right into its 200 day moving average. It is also overextended on the bollnger bands. Looks like price is going to bounce back down to the $45.5 range for relief in price.
Netapp shocks with earnings, LONGNetapp published earnings of 73 cents / share, up from 65 cents/share a year ago. Analysts had expected sales and profit to decline from last year, and so had suggested a 41 cents/share outlook. Stock up 10% in aftermarket.
$NTAP- Seeing good accumulation on breakout-Potential target $47Recent falling wedge pattern has broken-out on good volume. Watching this stock which may rally up to $47.
Stop loss can be placed few cents below 20EMA(@ $43.50)
NetApp, Inc. (NTAP) short.All description on the chart.
Please, don't forget to like and follow.
Thank you.
NTAP 05/29 $46cNTAP:
Earnings: 05/27
MACD: Positive flip
CCI: ~40 entry
Trendlines: Higher highs, higher lows (upward channel)
Netapp Inc possible Long Into earnings
Previous trade worked out well with the channel holding as resistance.
Possibly this could be the report to finally break the status quo, $64 is the critical level to watch.
Possible entry level $60.00
target price $66.50
Stop loss $57.32
