NTAP dominated by bulls lifting the market higher throughout the day
NetApp Inc. (NTAP) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
NTAP finished Thursday at 77.50 gaining $1.39 (1.83%). Today's closing price of 77.50 marks the highest close since December 12, 2000. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 76.56, the market confirms its breakout through the prior session's high having traded $1.19 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (NTAP as at Jun 14, 2018):
Thursday's trading range was $1.39 (1.82%), that's slightly below last trading month's daily average range of $1.76. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.