NetApp (NTAP) Crossed Above the 200-Day Moving Average: What That Means for Investors

Core Viewpoint - NetApp (NTAP) is showing potential as a strong investment opportunity due to its recent technical movements and positive earnings revisions [1][2][3] Technical Analysis - NTAP has recently crossed above the 200-day moving average, indicating a long-term bullish trend [1] - The stock has rallied 5.6% over the past four weeks, suggesting upward momentum [2] - The 200-day simple moving average serves as a significant support level for NTAP [2] Earnings Estimates - There have been 2 upward revisions in earnings estimates for the current fiscal year, with no downward revisions [3] - The consensus earnings estimate for NTAP has also increased, reinforcing the positive outlook [3] Investment Sentiment - NTAP currently holds a Zacks Rank of 2 (Buy), indicating favorable market sentiment [2] - The combination of technical indicators and positive earnings revisions suggests that NTAP may be poised for further gains in the near future [3]