NTAP (NetApp Inc) up 3.5% today

March 20, 2012 - PRLog -- A report came out shortly after the open NTAP has been growing more briskly than EMC, it’s grabbing more market share, and can benefit as cloud computing grows.  Members of Daily Stock Plays were alerted at 7:05am PST, 35 minutes after the open, that NTAP was a Stock In Play. Our proprietary stock screener recognized NTAP with a bullish intraday pattern, bullish daily chart pattern (traded over recent consolidation), and significantly higher volume than average for the beginning of the day. Waiting patiently after the spike to buy a pullback to the EMA was a very profitable trade. Once NTAP traded over the 7:45am PST signal bar (triggered at $44.61), it quickly traded up to $45.90.
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NetApp, Inc. (NetApp) is a provider of storage and data management solutions. The Company has a portfolio of application, virtualization, cloud, and service provider solutions. NetApp’s products and services are designed to meet the requirements and service levels of enterprises and their business applications. The Company offers storage solutions that incorporate its unified storage platform and the functionality of its data and storage resource management software. NetApp markets and sells its storage data management solutions directly through its worldwide sales force and indirectly through channel partners such as value-added resellers, systems integrators, distributors, original equipment manufacturers (OEMs) and strategic business partners. On January 31, 2011, it acquired Akorri Networks, Inc. In May 6, 2011, the Company acquired certain interests related to the External storage systems business (ESG) of LSI Corporation. On May 13, 2010, NetApp acquired of Bycast Inc. (Bycast).