• Return to Headlines

Look for Shares of Netapp Inc to Potentially Rebound after Yesterday's 4.37% Sell Off

By Nick Russo

Netapp Inc (NASDAQ:NTAP) traded in a range yesterday that spanned from a low of $65.38 to a high of $68.01. Yesterday, the shares fell 4.4%, which took the trading range below the 3-day low of $66.00 on volume of 711,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Netapp Inc has traded in a range of $52.00 to $88.08 and is now at $65.49, 26% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 1.4%.

Keywords: rebounders netapp inc

Ticker(s): NTAP