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Stock Investors Bid Up Shares of NetApp, Up 1.3%

Published on Wed, 06/12/2013 - 11:30
By Robert Cotter

Up 1.3% to $38.65, NetApp (NASDAQ:NTAP), is one of today's notable movers. The S&P is trading fractionally higher to 1,628 and the Dow is trading fractionally higher to 15,134.

In the past 52 weeks, shares of NetApp have traded between a low of $26.26 and a high of $39.15 and are now at $38.65, which is 47% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.7%.

Based on a current price of $38.65, NetApp is currently 1.2% above its average consensus analyst price target of $38.18. NetApp shares have support at the 50-day moving average (MA) of $35.78 and additional support at the 200-day MA of $33.72.

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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