NetApp Is Moving Above Resistance

New York, March 20th (TradersHuddle.com) - Shares of NetApp, Inc. (NASDAQ:NTAP) closed the session at $44.06 just above calculated resistance at $43.76 effectively breaking out grabbing the attention of momentum traders, which could eventually push the stock to different trading range

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 $40.53 and resistance at $43.76, given that this range was broken traders will be closely monitoring the stock

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o Dow Jones 16,408.54 ▼16.31 (-0.10%)
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INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:16,408.54 Trade time:4:31PM EDT Value change:▼16.31 (-0.10%)
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Company ID [INDEXSP:.INX] Last trade:1,864.85 Trade time:4:31PM EDT Value change:▲2.54 (0.14%)
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