Entry level above the 200MA @ $60.40 approx.
Target price to channel @ $66.00 approx.
Stop loss @ $58.00.
Very risky trade into earnings given the past history for the stock , the decline we seen Arista Networks post earnings could very well be repeated here.
For a safer entry into the stock wait for a bullish move out of the channel.
Short interest 6.32%
P/E ratio 15.41.
Company profile
NetApp, Inc. engages in the design, manufacture, marketing, and technical support of storage and data management solutions. It offers cloud data services, data storage software, data backup and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid flash storage. The company was founded by David Hitz, James K. Lau and Michael Malcolm in April 1992 and is headquartered in Sunnyvale, CA.
Target price to channel @ $66.00 approx.
Stop loss @ $58.00.
Very risky trade into earnings given the past history for the stock , the decline we seen Arista Networks post earnings could very well be repeated here.
For a safer entry into the stock wait for a bullish move out of the channel.
Short interest 6.32%
P/E ratio 15.41.
Company profile
NetApp, Inc. engages in the design, manufacture, marketing, and technical support of storage and data management solutions. It offers cloud data services, data storage software, data backup and recovery, all-flash storage, converged systems, data infrastructure management, ONTAP data security, and hybrid flash storage. The company was founded by David Hitz, James K. Lau and Michael Malcolm in April 1992 and is headquartered in Sunnyvale, CA.