NetApp (NTAP) Crossed Above the 50-Day Moving Average: What That Means for Investors

From a technical perspective, NetApp (NTAP) is looking like an interesting pick, as it just reached a key level of support. NTAP recently overtook the 50-day moving average, and this suggests a short-term bullish trend.The 50-day simple moving average, which is one of three major moving averages, is widely used by traders and analysts to establish support and resistance levels for a range of securities. Because it's the first sign of an up or down trend, the 50-day is considered to be more important.Over th ...