Shares of Netapp Inc Rise Above Previous 52-Week High

Published on Thu, 01/11/2018 - 11:18
By Robert Cotter in 52 Week high-lows, NTAP, 52 week high/lows, nasdaq:ntap, netapp inc

Shares of Netapp Inc (NASDAQ:NTAP) traded today at $60.76, breaking its 52-week high. So far today approximately 214,000 shares have been exchanged, as compared to an average 30-day volume of 2.8 million shares.

Netapp Inc share prices have moved between a 52-week high of $60.76 and a 52-week low of $22.89 and are now trading 164% above that low price at $60.45 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.5%.

Netapp Inc (NASDAQ:NTAP) defies analysts with a current price ($60.45) 7.1% above its average consensus price target of $56.14. Netapp Inc shares have support at the 200-day moving average (MA) of $28.21 and additional support at the 50-day MA of $25.61.

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.

By Robert Cotter
rcotter@fnno.com

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