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Netapp Inc Crosses Below its 10-day MA (NTAP)

By James Quinn

Netapp Inc (NASDAQ:NTAP) shares have crossed bearishly below their 10-day moving average of $64.00 on a volume of 207K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Netapp Inc share prices have been bracketed by a low of $22.89 and a high of $65.58 and are now at $62.98, 175% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.6%.

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

Keywords: moving crosses netapp inc

Ticker(s): NTAP