NetApp Inc. (NTAP) reported earnings after the market closed yesterday and surprised analysts and investors with numbers well above expectations. This is good news for the exit opportunity on NTAP as exits should be filled much higher than our original target at $91.17.
We had already recommended that you set a "Good Till Canceled" limit order to close NTAP at $91.17 if that price became available (issued on Feb. 12). The shares were trading above that level this morning, so if you had that order in place, you have already closed the trade and kept your profits.
Although the market is bullish this morning, we are still expecting back-and-forth trading over the next few days, so we still recommend closing the trade if you haven't already with a limit order at the best price available in the market.
So, here's what to do...
If you haven't already done so, set a limit order to sell NetApp Inc. (NTAP) at the best price available in the market.
At the time this alert was written, NTAP was trading between $105.00 and $106.00.
Congratulations on a great trade!
Trade Notes
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John Jagerson & Wade Hansen Analysts, Predictive Alpha
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