AI
Tuesday, May 21, 2019 7:31:34 PM
$NTAP Safe bet on NETAPP's steady growth.
There is absolutely nothing wrong with a safe steady bet, NTAP has a proven track record of continual growth and trades at a very reasonable P/E of 17. While it has traded well of the lows from December 2018 it has still considerable runway ahead to get back to the 52 week high of $88. Earnings approach and the chart looks good from a technical perspective, with indicators all turning positive, as BUY volume increases. Maybe NTAP is becoming somewhat of a safe haven for investors looking for growth but at a reasonable cost.
There is absolutely nothing wrong with a safe steady bet, NTAP has a proven track record of continual growth and trades at a very reasonable P/E of 17. While it has traded well of the lows from December 2018 it has still considerable runway ahead to get back to the 52 week high of $88. Earnings approach and the chart looks good from a technical perspective, with indicators all turning positive, as BUY volume increases. Maybe NTAP is becoming somewhat of a safe haven for investors looking for growth but at a reasonable cost.
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