NetApp Is Moving Above Resistance

Published on Tuesday, 20 March 2012 09:00 Written by TradersHuddle Wire

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