NetApp Dipping Early. Watch This Level

NetApp (NTAP) is under some pressure this morning trading lower by 0.48 cents to $6013 a share. The stock will come into some intra-day support around the $59.96 level. This is just a quick short term intra-day bounce area for the stock. Should NTAP decline further traders should watch the $59.40 level as the next intra-day support level.

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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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