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Tech

Netgear Inc (NTGR) : Trying to break 52 week high

Netgear (NTGR) gapped up today and is attempting to break its 52 week high.

Resistance from the Chikou Span is at around $28.85

If it clears the 52 week high and stay above, the next target will be around $35 (its high way back in 2007)

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Tech

Netgear Inc. (NTGR) : Kumo support and Cisco’s problems

Netgear fell about 9% during the first half of the day due to Cisco’s revenue call that their home networking unit (Linksys) was down 8% for period ending May 1.

My bet is Netgear (NTGR) will not suffer from this revenue drop and could even be eating into Cisco’s share.

From the Ichimoku chart, it is supported right at the kumo level during the first half and started to move up during the second-half of the day.

Note:

Barrons has an update. Atheros (ATHR) has updated and do not see any weakeness in their business moving forward this year.

Categories
Tech

Netgear Inc. (NTGR) : Bullish Breakthrough

Netgear has a bullish breakthrough yesterday.

From the chart, we can see that there seems to be a cup-and-handle formation with successful breakout.

Using Ichimoku, we can clearly see how 19.47 was resisted around 3 times.

And when the price level breaks through that level, we can see that the Chikou Span (identified by the green line) shoots up without any resistance ahead.

Tenkan sen and Kijun sen also had a bullish crossover above the kumo which will make this signal even stronger.

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