NetApp could breakout the USD 42.5 resistance in the short term.

From a fundamental viewpoint, the group is in a good financial situation. Sales have increased by 5.6% on the current year, with a net margin of 7.98%. Analysts widely revised upward in recent times their earnings per share estimates, which is a reliable indicator reflecting the company's health.

Technically, prices continue to increase sharply for several month. On all time scales, all indicators are green and moving averages are well oriented. The security is now moving toward the mid-term resistance located at USD 42.5 and seems able to breakout soon. This crossing would give a strong buy signal.

Therefore, investors will benefit from the signal given by the crossing of the USD 42.5 resistance to open a long position on the stock. The objective will be set near USD 46.8. Once the position is opened, a stop loss should be fixed under effective entry point to guard against a trend reversal.