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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INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:16,553.34 Trade time:9:53AM EDT Value change:▼9.96 (-0.06%)
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Company ID [INDEXSP:.INX] Last trade:1,933.29 Trade time:9:53AM EDT Value change:▲2.62 (0.14%)
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Company ID [INDEXNASDAQ:.IXIC] Last trade:4,380.69 Trade time:9:53AM EDT Value change:▲10.92 (0.25%)

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