|New Potential Buys:
|NETGEAR Inc. (NTGR): ABOVE $64.80, with a $70.50 first target, a $79 second target, and a $58.75 stop loss. Confirmation Volume Area= 230K, Risk Rating= 5, Industry= Communication Equipment
NTGR TRADING TIP: Watch this VOLATILE formation as it sets up for another stage higher, while the market posts gains. Any further accumulation may break this stock higher, helping it take a run into ‘uncharted territory’. When reviewing new trading ideas for purchase, pay the price that coincides with your desired exit strategy; being patient by waiting for desired prices may drastically reduce trade risk. NOTE: when building a portfolio of GorillaPicks, consider diversifying by “risk rating”; the action may drastically reduce trade risk.
NETGEAR Inc. (NTGR) rose $2.25, to $64.75, on good volume today. NTGR designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. NTGR operates in three segments: Arlo, Connected Home, and Small and Medium Business. It offers smart home/connected home/broadband access products, such as remote video security systems, broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, and WiFi network adapters. NTGR also provides Ethernet switches, wireless controllers and access points, unified storage products, and Internet security appliances for small and medium-sized businesses. It markets and sells its products through traditional retailers, online retailers, wholesale distributors, direct market resellers, value-added resellers, and broadband service providers in the Americas, Europe, the Middle-East, Africa, and the Asia Pacific.