NTAP Trade on Dec 2, 2020 09:34 from Cklamb: Tradervue User Stock Trades.

NTAP
Intraday Fundamentals
• Analyst Actions: Morgan Stanley Adjusts NetApp's PT to $61 From $49, Citing 'Faster Revenue Growth, More Meaningful Operating Leverage;' Equal-Weight Rating Kept
• *MW NetApp stock price target raised to $58 from $52 at J.P. Morgan
• BZ: NetApp shares are trading higher after the company announced better-than-expected Q2 EPS and sales results and issued Q3 EPS guidance above estimates.
Technical Stats
ADV 2.18m RVOL 1.78 ATR 1.59 BETA 1.32 Short 6.68% Inst Own 95.70%

Trading Plan
• Fundamental are strong look for a pull back set. If this is selling off 20 to 30 minutes start build in for a long
• 56.50 and 55.70 are good spots to look for support reversals
• A long above 59 if it breaks and holds

This level has a lot going for it on the chart. The tape was not readable on the spread. This flush the PM low frist and immediately moved to break the PM high. I set up for bounce of VWAP, 57( short term level) and using the the LoD as the stop. This trade worked well and met the rules and the execution for the opening VWAP play that I am still trying to define before naming. With the extra level to work with though. I needed to attempt to play the short term level that I had when it gave me the second chance. I am having some issues doing this right now after getting these quicker wins.