Shortseeing rejection on longterm down trend. Also at .618 pullback and not able to break through previous gap. looking for some weekly puts Shortby Rayden327942
NTAP Head & Shoulders Top Gaps DownNTAP on the Weekly View chart shows a traditional Head & Shoulders Topping Formation. This type of top is far less common these days. This is due to changes in Dark Pool transaction activity off the public exchanges, new routing, and new order types. The gap down is above the traditional Head & Shoulders completion level. However, there is some technical evidence that this could be the conclusion and completion level for this top at this time. by MarthaStokesCMT-TechniTrader4
Netapp - sell-off might not be over Fundamental analysis Earnings was pretty bad for Netapp as they slashed guidance. Market sentiment is complicated right now, if a stock doesn't do well fundamentally, it really takes a toll. Technical analysis Support around $36-38 Shortby dorfmanmaster4
$45-$43 price target for Netapp Correction Enterprise-tech companies’ stocks were slammed in after-hours trading Thursday, after NetApp NTAP, -18.14% surprised investors with a warning that its fiscal first-quarter earnings would come in below its previous forecast, with a revenue shortfall ranging from about $100 million to $250 million. “Our outlook is really determined on the discussions that we have with our largest global accounts,” NetApp Chief Executive George Kurian said in a surprise conference call after the warning. “I think, if you looked at other players in the IT hardware segment that reported — like Intel INTC, -0.99% , for example, or IBM IBM, -0.52% — they had, you know, pretty tough comments about the spending landscape.” AVERAGE ANALYSTS PRICE TARGET $70 AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT P/E RATIO 12.4 SHORT INTEREST 6.4% COMPANY PROFILE NetApp, Inc. engages in the design, manufacture, marketing, and technical support of storage and data management solutions. It offers cloud data services, data storage software, data backup and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid flash storage. The company was founded by David Hitz, James K. Lau and Michael Malcolm in April 1992 and is headquartered in Sunnyvale, CA. Shortby RedHotStocks14
Bear Pennant with a Gap (11/16/17) in sightTrading very weak, breaking down from a bear pennant formation. She likes to gap 11/16/18 closed 4/17/19 and then reversed. by bagholder113
NASDAQ STOCK ::: NTAP#NTAP HAVE POTENTIAL FOR A BIG BUY, IF PRICE CAN MOVE ABOVE YELLOW AREA, CAN RISE FOR HIGHER TARGETS. POST WILL UPDATE.Longby Irfo98338
NTAP Gap FillNTAP is now testing resistance before the gap in its daily chart. As most gaps fill and it has tested this level several times over the past couple weeks, I believe it will close the gap for a 6% profit potentialLongby BBTrader294
NTAP GapNTAP has just approached resistance in its daily chart as it closes in on the gap made in its chart a couple weeks ago. I'm looking for this gap to be closed in its chart over the next week for a 5% gain.Longby BBTrader29Updated 114
$NTAP Safe bet on NETAPP's steady growth.There is absolutely nothing wrong with a safe steady bet, NTAP has a proven track record of continual growth and trades at a very reasonable P/E of 17. While it has traded well of the lows from December 2018 it has still considerable runway ahead to get back to the 52 week high of $88. Earnings approach and the chart looks good from a technical perspective, with indicators all turning positive, as BUY volume increases. Maybe NTAP is becoming somewhat of a safe haven for investors looking for growth but at a reasonable cost. Average recommendation Overweight Average price target $78 COMPANY PROFILE NetApp, Inc. engages in the design, manufacture, marketing, and technical support of storage and data management solutions. It offers cloud data services, data storage software, data backup and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid flash storageLongby RedHotStocks4
Swing trade $NTAP to all time high. 20%+ upside!As indicated price has bounced off 9 day avg line on the monthly chart; giving us a have a safe entry for swing trade to our price target of $88+. $NTAP will be reporting Q4 report on May 22nd: "Q4 has historically proven to be a strong seasonal period for free cash flow conversion, as such we remain committed to driving free cash flow of 19% to 21% of revenues for the full fiscal year. Our confidence in our long-term vision and execution is reflected in our capital allocation strategy." - Ron Pasek: Q3 earnings calls. Longby LitwolfUpdated 1
NTAP: Filling gap, solid candlestick patterns ahead of earningsNTAP has moved into the gap area, and is now poised to challenge the next resistance level. This stock has had recent HFT activity and is likely to have more HFT attention on the day of its earnings release. The candlestick patterns are solid ahead of earnings. Watch for pro traders setting up for a pre-earnings run. by MarthaStokesCMT-TechniTrader0
NTAP Earnings: Short-term Bottom, HFT, Pro Traders, BuybacksNetApp is a Data Storage company for Cloud Technology. The Financial Services Industry is reporting a huge increase in Cloud Services usage that is starting in 2019 after a very conservative interest in Cloud Based Storage and services. This could potentially help NTAP complete this short term bottom and begin a new business cycle for the next couple of years. NTAP topped around $88 and declined to a low of about $56 before starting this first attempt at a bottom. HFTs are likely to be targeting this stock tomorrow as it reports its earnings. NTAP technically has stopped just below resistance for a completion of bottom. It is technically in a sideways pattern at this level. BOP shows HFTs were the drivers for the stock to drop in price to the short term bottom low of $56. BOP is not yet showing any quiet accumulation. Some pro traders are in the mix. The stock may also be under buyback mode as well. Educationby MarthaStokesCMT-TechniTrader0
Good buying opportunity!NASDAQ:NTAP Trigger: $63.66 after a pullback. Buy Stop: above 62.66. Please like and comment if you like my ideas. THANK YOU!!! Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.by xtrading_ideas0
NTAP: Earnings Stock of the Day NetApp was one of the earliest companies in Cloud Technology. It had a stellar rise in price in 2018 but is now at risk of a topping formation. Data Storage is still a growth sub industry of the Cloud Industry. However, NTAP has gone beyond its fundamental values for 2019. Support levels are on the chart. Bounces should be expected around these price levels. This is an incomplete top. The stock could move sideways in a trading range rather than down. To sell short, the stock must break to the downside from here. by MarthaStokesCMT-TechniTrader3
Potential Swing/Gap FillWeekly Upside Continuation above 21 eMA, if 9eMA $79.50 holds upsideLongby tekmunnee6
$NTAP NetApp Finding Support on Weekly$NTAP NetApp appears to be holding the 50d ema on the weekly chart. Will look for a bounce from this area medium/long term, assuming we close this week at or above this support. Target $100 by January. Note: Informational analysis, not investment advice. Longby Triple_Barrel_Capital2