SmarTrend identified an Uptrend for NetApp (NASDAQ:NTAP) on November 15th, 2012 at $30.25. In approximately 3 weeks, NetApp has returned 8.89% as of today's recent price of $32.94.

NetApp share prices have moved between a 52-week high of $46.80 and a 52-week low of $26.26 and are now trading 26% above that low price at $33.14 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.7%.

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.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of NetApp shares.

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