Cloud Stocks Escape The Morning Rain: NTAP, NFLX, VMW, FFIV, RVBD

The major stock market indexes are once again starting the morning sharply lower. This looks to be a broad based decline as most leading stock sectors are trading lower. There are a few stocks that are showing some early strength despite the stock market decline. A few of the stocks that are showing intra-day strength include the cloud computing stocks.

Netapp Inc.(NASDAQ:NTAP) is rallying higher by $1.70 to $51.60 a share. This stock looks to have made a short term low three trading days ago and continues to climb higher this morning. Short term traders can look for intra-day resistance around the $52.00 area. Should the stock trade higher throughout the session the next intra-day resistance level will be around the $52.65 level. Traders should always take note of strong stocks in a weak market. Should the major stock indexes somehow catch a bid and trade higher it is the strong stocks that will lead the markets higher.

Other cloud computing stocks that are holding up well this morning include Netflix Inc.(NASDAQ:NFLX), VMWare Inc.(NYSE:VMW), F5 Networks Inc.(NASDAQ:FFIV), and Riverbed Technology Inc.(NASDAQ:RVBD). These stocks are holding up very well this morning. Should the major stock indexes catch a bid higher during the trading session these stocks would be leading candidates to trade higher.

About Nicholas Santiago 576 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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