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)


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.


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


Netgear Inc (NTGR) : Breakout on inline guidance

Netgear just reported the following

–First Quarter 2010 Financial Highlights: – Net revenue of $211.6 million, compared to $152.0 million in the comparable prior year quarter, 39% year-over-year growth – Non-GAAP net income of $17.1 million, compared to net income of $1.4 million in the comparable prior year quarter – Non-GAAP diluted earnings per share of $0.48, compared to diluted earnings per share of $0.04 in the comparable prior year quarter – Company expects second quarter 2010 net revenue to be in the range of $190 million to $200 million, with non-GAAP operating margin in the range of 11% to 12%

Source : MarketWatch

From the Ichimoku chart, we can see how it has breakout a few times and go higher.

Noticed how it hit the kumo and bounces off especially when the kumo support is fairly thick?

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