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NETWORK APPLIANCE INC
(NTAP-Nasdaq):
Technical Viewpoint: From a low
of $22.50 on Sep 15, 2005 prices
rallied, reaching a
high of $24.67
on Sep 20, 2005. A
decline saw prices pull back, reaching a
low of
$22.79 on Oct 6, 2005.
Another rally saw prices penetrate
resistance, closing 10/14/05
at $25.12. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 10, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $23.00. Resistance: Is at $26.00.
Point & Figure: Reversed to the upside on Oct 14, 2005. A P&F upside
reversal takes place at $23.50. Summary: Technical indicators have turned bullish. BUY! NETWORK APPLIANCE INC
(NTAP-Nasdaq) @ $25.50 Stop: Use a protective stop of $23.50.
NETWORK APPLIANCE INC is currently trading @ $25.12 plus $0.86 on Oct 14, 2005. Price Objective:
$32.50. Risk/Reward: $2.00 VS. $7.00. Today's Risk Reward Ratio: 3:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$32.50
Risk/Reward:
$2.00 VS. $7.00
Risk/Reward Ratio:
3:1
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