SSS - Thoughts on NTAP Late in the Day on Wednesday, June 29th.
NTAP never rallied above its 50-day movinga verage and has consistently failed at that resistance level. This one has remained in play throughout this 3-day rally, so we would anticipate IF the market rolls over here that NTAP, being somewhat weak today throughout the rally earlier in the day, would continue lower to test the 49 short-term suport level. We have an initial position in NTAP.
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