Filed under: Major movement, Earnings reports, Good news, Options, Technical AnalysisNetApp (NASDAQ: NTAP - option chain) shares are headed higher today after the company announced it plans to cut 6 percent of its global work force in order to reduce costs. NTAP reported a loss of 23 cents per share, but excluding items made 28 cents, which was in line with estimates. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on NTAP.NTAP opened this morning at $14.10. So far today the stock has hit a low of $14.07 and a high of $16.41. As of 11:55, NTAP is trading at $16.41, up $1.16 (7.6%). The chart for NTAP looks bearish and S&P gives NTAP a negative 2 STARS (out of 5) sell ranking.Continue reading Q3
Related Headlines
- Earnings previews: Abercrombie (ANF), Gap (GPS), Nordstrom (JWN)posted 811 weeks ago on BloggingStocks
- Earnings previews: Hewlett-Packard (HPQ) and Whole Foods (WFMI)posted 811 weeks ago on BloggingStocks
- Hewitt Associates (HEW): Shares forming a bullish 'flag'posted 810 weeks ago on BloggingStocks
- Greenfield Online (SRVY) in bullish 'pennant' patternposted 810 weeks ago on BloggingStocks
- Fossil (FOSL): High fashion accessories selling great...overseasposted 811 weeks ago on BloggingStocks
- Option update 11-16-07: IBM volatility elevated on unconfirmed RIMM takeover chatterposted 811 weeks ago on BloggingStocks
- 99 Cents Only Stores (NDN) not cutting it on Wall Streetposted 811 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Shoe Pavilion (SHOE) balks the earnings callposted 811 weeks ago on The StockMasters - Investing News and Analysis, Hot Stock Tips, Stock Marke
- Option update: Abercrombie & Fitch, Deere beat estimatesposted 810 weeks ago on BloggingStocks