NetApp (NTAP) Breaks Through Support at $32.88
Shares of NetApp (NASDAQ:NTAP) have bearishly opened below the pivot of $33.55 today and have reached the first support level of $32.88. Analysts will be watching for a cross of the next downside pivot targets of $32.51 and $31.47.
NetApp (NASDAQ:NTAP) has potential upside of 10.3% based on a current price of $32.55 and analysts' consensus price target of $35.90. NetApp shares should encounter resistance at the 200-day moving average (MA) of $33.46 and support at the 50-day MA of $31.16.
In the past 52 weeks, shares of NetApp have traded between a low of $26.26 and a high of $46.80 and are now at $32.55, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 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: pivot alerts NetApp