Above Resistance - NetApp

New York, February 23rd (TradersHuddle.com) - Shares of NetApp, Inc. (NASDAQ:NTAP) closed the trading session at $42.63 just above calculated resistance at $41.28 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

NetApp, Inc. (NASDAQ:NTAP) provides storage and data management solutions. The storage solutions include specialized hardware, software, and services that provide storage management for open network environments.

NetApp's stock was trading in a well defined range with support at $38.30 and resistance at $41.28, given that this range was broken traders will be closely monitoring the stock

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o Dow Jones 16,614.81 ▲215.14 (1.31%)
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INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:16,614.81 Trade time:4:34PM EDT Value change:▲215.14 (1.31%)
INDEXSP:.INX

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Company ID [INDEXSP:.INX] Last trade:1,941.28 Trade time:4:34PM EDT Value change:▲37.27 (1.96%)
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Company ID [INDEXNASDAQ:.IXIC] Last trade:4,419.48 Trade time:5:15PM EDT Value change:▲103.40 (2.40%)

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