NetApp (NASDAQ: NTAP) NewsBite - NTAP Hits 52-Week High
Posted: Wednesday, September 08, 2010 3:01 PM EDT
By: Market Intelligence Center Staff
NetApp (NASDAQ: NTAP) hit a new 52-Week high of $47.00 so far today. Currently the stock is up $2.07 (4.62%) to $46.85 on 10,345,666 shares traded. Today's high is up $23.53 from a 52-Week Low of $23.32. NetApp stock has been showing support around $43.25 and resistance in the $45.77 range. Technical indicators for the stock are neutral and S&P gives NTAP a neutral 3 STARS (out of 5) hold ranking. The stock is trading higher today with the overall market, and set a new 52 week high earlier in the day. The NASDAQ is currently up 0.9% on the day. If you are looking for a hedged play on NTAP the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 33 range. [ABR-Seven Summits Strategic Investments NewsBite]
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