The good news (we'll take what we can get) is that the AH action has not violated the long term trend in the weekly chart. Perhaps the conference call will be more positive than the knee jerk reaction of traders.
Tuesday, January 31, 2012
Morning Thread
NTAP daily chart |
Looking at Monday's action the stock opened near it's low of the day which it found in the first 3 minutes of trading. It bounced from the 50 day simple moving average and traded higher for the remainder of the session.
If the news from Europe is not bad I'll be looking to add to my calls if the stock opens above the 50 day and then prints a green candle.