NETGEAR, Inc. engages in the design, development, marketing, and sale
of networking products. The company offers home networking, storage,
and digital media products to connect users with the Internet and their
content and devices; networking, storage, and security solutions to
commercial businesses; and whole home networking solutions to service
providers for sale to their customers. Its products include commercial
business networking products consisting of Ethernet switches, wireless
controllers, Internet security appliances, and network attached storage
devices; broadband access products, such as routers, gateways, IP
telephony products, and media servers; and network connectivity products
comprising wireless access points, wireless network interface cards and
adapters, Ethernet network interface cards and adapters, media
adapters, powerline adapters and bridges, and multimedia over coax
alliance standard adapters and bridges. The company produces its
products through third-party manufacturers.
Please take a look at the 1-year chart of NTGR (NETGEAR, Inc.) below with my added notations:
The trade to watch for on NTGR is relatively straightforward. The
stock has been hitting a very important level of resistance at $40
(navy) for the entire year. No matter what the market has or has not
done over that period of time, NTGR has not been able to break through
that area of resistance. If the market rallies much higher NTGR would
probably break above that resistance and move overall higher from there.
The Tale of the Tape: NTGR has a key level of
resistance at $40. If the stock were to break through that resistance, a
long position would be recommended with a stop loss placed below $40.
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