Wednesday, April 2, 2014

Divergence Alert: NetApp (NTAP)


Currently trading at 37.52


Volume in March has been extremely high as it re-tested the 3 year volume POC, which is a major long term support. Currently trading above both large volume sell climaxes from 3/24 and 3/27, which might be giving us clues as to buying within the weakness. Positive divergence is also on the daily chart. The 6month volume POC is back at almost 40.00.


There is some gap resistance on the 60min charts at 37.60 that it re-tested today. Another resistance at 37.99 followed by the mid 38's.


Today's options numbers so far today include 1,540 calls vs. 517 puts. Yesterday there were 2,193 calls vs. 1,081 puts.


For the charts: http://ift.tt/1pNOIuC







Submitted April 02, 2014 at 02:46PM by RockSexton http://ift.tt/1hBiCQ9

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