NetApp (NTAP) Offering Possible 10.13% Return Over the Next 30 Calendar Days

NetApp's most recent trend suggests a bullish bias. One trading opportunity on NetApp is a Bull Put Spread using a strike $45.00 short put and a strike $35.00 long put offers a potential 10.13% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $9.08 would be incurred if the stock dropped below the $35.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for NetApp is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for NetApp is bullish.

The RSI indicator is at 24.02 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for NetApp

CLASS ACTION UPDATE for MNK, JE and NTAP: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Mon, 19 Aug 2019 20:00:00 +0000
NEW YORK, NY / ACCESSWIRE / August 19, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. To determine …

Shareholder Alert: Robbins Arroyo LLP Announces NetApp, Inc. (NTAP) Sued for Misleading Shareholders
Mon, 19 Aug 2019 19:32:00 +0000
Shareholder rights law firm Robbins Arroyo LLP announces that a purchaser of NetApp, Inc. (NTAP) filed a class action complaint for alleged violations of the Securities Exchange Act of 1934 between May 22, 2019 and August 1, 2019. NetApp provides software, systems, and services to manage and share data on-premises, and private and public clouds worldwide. If you suffered a loss as a result of NetApp's misconduct, click here.

SHAREHOLDER ALERT: STG OMCL GVA NTAP: The Law Offices of Vincent Wong Reminds Investors of Important Class Action Deadlines
Mon, 19 Aug 2019 13:29:30 +0000
NEW YORK, Aug. 19, 2019 — The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a.

Pure Storage (PSTG) to Report Q2 Earnings: What's in Store?
Mon, 19 Aug 2019 12:41:12 +0000
Pure Storage's (PSTG) robust adoption of FlashArray & FlashBlade solutions is driving growth. However, currency headwinds, and high tariffs owing to trade war between the U.S. and China remains headwind.

IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against NetApp, Inc. and Encourages Investors with Losses to Contact the Firm
Sun, 18 Aug 2019 20:07:00 +0000
LOS ANGELES, CA / ACCESSWIRE / August 18, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against NetApp, Inc. (“NetApp” or “the …

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