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Possible Trend Reversal, Netapp Inc Down on Heavy Volume (NTAP)

By James Quinn

The price of Netapp Inc shares has slipped to $53.94 (a 11.3% change) on heavy trading volume. Approximately 2.8 million shares have changed hands today vs. average 30-day volume of 1.7 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

In the past 52 weeks, shares of Netapp Inc have traded between a low of $44.55 and a high of $78.35 and are now at $60.82, which is 37% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

Keywords: unusual volume netapp inc

Ticker(s): NTAP