NetApp is trading in a bullish trend and several arguments are in favor of the continuation of this trend.

The economic and financial situation of the company is strong. The company increase its cash year after year, to reach 4.7 billion dollars in 2013.

Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 38.77 short term support. This trend should allow the stock to breakout its USD 40.1 short term resistance.

According to both technical and fundamental elements, it seems opportune to take a long position above USD 40.1 resistance. This movement should allow the security to reach the USD 42.95 resistance. A stop loss will be placed under the trend line to avoid a downtrend (USD 39.5).