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Netapp Inc: 52-Week High Recently Eclipsed (NTAP)

By Nick Russo

Netapp Inc (NASDAQ:NTAP) traded at a new 52-week high today of $77.12. So far today approximately 391,000 shares have been exchanged, as compared to an average 30-day volume of 3.3 million shares.

Based on a current price of $77.07, Netapp Inc is currently 8.5% above its average consensus analyst price target of $70.55. The stock should discover initial support at its 50-day moving average (MA) of $68.99 and subsequent support at its 200-day MA of $57.15.

NetApp, Inc. provides storage and data management solutions. The Company's storage solutions include specialized hardware, software, and services that provide storage management for open network environments. NetApp serves enterprises, government agencies, and universities worldwide.

In the past 52 weeks, shares of Netapp Inc have traded between a low of $37.43 and a high of $77.12 and are now at $77.07, which is 106% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.4%.

SmarTrend is monitoring the recent change of momentum in Netapp Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Netapp Inc in search of a potential trend change.

Keywords: 52 week high/lows netapp inc

Ticker(s): NTAP