InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • VMWare And NetApp Look Weak At The Start  0 comments
    Jul 7, 2011 10:26 AM

     This morning, the major stock indexes are surging higher. There are two leading tech stocks that are not participating in today's early morning rally, they are VMWare Inc.(NYSE:VMW) and NetApp Inc.(NASDAQ:NTAP).

    NetApp Inc. is trading lower this morning by 0.27 cents to 453.25 a share. Traders can watch for short term intra-day support at $52.80 level. This is where the stock could see a small bounce intra-day.

    VMWare Inc. is another leading tech stock that is trading lower by $1.12 to $102.81 a share. Trader can look for short term intra-day support around the $102.00 area. The stock could see a small bounce from this level.

    Traders must remember that these stocks are weak in a strong market. This tells us that the relative strength is poor on these names and the intra-day bounces may not last very long.

    Nicholas Santiago
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.