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Bullish Moving Average Cross by NetApp (NTAP)

By Amy Schwartz

NetApp (NASDAQ:NTAP) shares have crossed bullishly above their 10-day moving average of $40.27 on a volume of 2.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, NetApp share prices have been bracketed by a low of $20.66 and a high of $43.14 and are now at $40.83, 98% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.5%.

SmarTrend is tracking the current trend status for NetApp and will alert subscribers who have NTAP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses NetApp

Ticker(s): NTAP