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Value Name in Tech Storage Breaks Out

Value Name in Tech Storage Breaks Out

by | Jan 4, 2022 | Chart SetUps

NetApp (NTAP) triggering a weekly bull flag breakout after basing along a rising 21-week EMA and setting up for a leg higher to $100+, a Tech name at cheap valuation which is coming into favor with high growth names seeing multiple compression. NTAP also seeing weekly MACD start to cross bullish and weekly RSI held the key 50 level recently.