NTAP dominated by bulls lifting the market higher throughout the day


NetApp (NTAP) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team

Highlights

NTAP dominated by bulls lifting the market higher throughout the day
NTAP ends the day on a bullish note closing near the high of the day
NTAP pushes through previous session high
NTAP rises to highest close since December 12, 2000

Overview

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):

Daily technical analysis candlestick chart for NetApp (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.


Market Conditions for NTAP as at Jun 14, 2018

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