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Technology Stocks : Network Appliance
NTAP 109.43-0.2%Nov 14 9:30 AM EST
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To: Boplicity who wrote (3932)8/11/2000 1:59:31 PM
From: H.A.M.  Read Replies (3) of 10934
 
Greg,

NTAP is nowhere near broken. If there were a head-and-shoulders formation, NTAP would have broken the neckline around 70. Also h&s is characterized by decidedly low volume in the right shoulder compared to the head and left shoulder (which is not the case here). Besides, NTAP is still above the 50 DMA, its short-term trend line, and the stock moves in higher volume in up days. As for fundamentals, they still look very strong.

Regards,

Hisham
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