NetApp (NASDAQ:NTAP) :Wedge resolved on to new 52 week high

by Josh NetApp Inc. ($NTAP) hit a new 52 week high today. NTAP is at $40.31, and has traded in a range from $26.26 to $39.51 over the past 52 weeks. Volume was last at 7,080,870 with a 50 day average of 8,173,040, putting shares on track for well above their average volume.

Shares have been coiling in a wedge this year. That wedge was resolved today with shares gapping up and trading higher today.

52 Week Range $26.26-$39.51 Market Cap 14,556,375,300 Average Volume 8,173,040 Dividend Yield 1.53% Institutional Ownership 91.00% Insider Ownership: 0.30% Percentage of Float Short 9.50% Beta 1.54

NetApp Inc. is above both the 50 day moving average and the 200 day moving average. These are bullish indicators respectively.

NetApp Inc. NetApp, Inc., is a provider of storage systems and data management solutions that form the foundation for efficient and flexible IT infrastructures.

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