Saturday, November 10, 2007

NTAP Analysis for 11.10.2007

NETWORK APPLIANCE INC. - NTAP

Monthly chart shows corrective pattern up into $41.50 area high.

Weekly chart shows increased selling pressure the past two weeks. No buy signal in sight.

Daily chart shows abc three wave pattern into $32.40 area high. Increased selling pressure evident the last three trading days. Friday saw small price range for trading day. Earnings release scheduled for Wednesday, November 14th.

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