Morning Thread

NTAP daily chart

I'm revisiting NTAP today.  I still have a starter position in March40 calls and while they were up a bit yesterday they are not performing .... yet. 

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.