• Return to Headlines

NetApp Bearish Moving Average Crossover Alert (NTAP)

By Nick Russo

NetApp (NASDAQ:NTAP) shares have crossed bearishly below their 10-day moving average of $26.11 on a volume of 450K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, NetApp has traded in a range of $20.66 to $36.98 and is now at $25.95, 26% above that low. 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